Japan data – Reuters Tankan shows Large Manufacturing and Non-manufacturing sentiment rise

<p>Reuters Tankan data results:</p><ul><li>Large Manufacturing sentiment index +12 in August vs. +3 in July<ul><li>seen at +14 in 3 month</li></ul></li><li>Non-manufacturing to +32 in August from +23 in July<ul><li>first rise for this in 3 months</li><li>seen at +26 in 3 months</li></ul></li></ul><p>Snippets from the Reuters report:</p><ul><li>"Declines in demand for chip-related business and softening
of Chinese markets for auto-parts and environment-related
products are continuing," wrote a manager of an industrial
ceramic maker.</li><li>
"Orders for production goods are declining due to slump in
demand for capital expenditures amid China's economic slowdown,"
according to a machinery maker's manager.
</li><li>many firms are
struggling to pass on elevated costs of raw materials</li></ul><p>—</p><p>The Reuters Tankan is a quarterly survey conducted by Reuters news agency in collaboration with the International University of Japan.</p><ul><li>is similar to the Tankan survey conducted by the Bank of Japan, which is a quarterly survey of business sentiment among Japanese companies</li><li>the Reuters Tankan has a wider coverage of industries and is not limited to large corporations</li><li>survey is based on interviews with executives of about 500 Japanese companies, covering a range of industries and size</li><li>questions asked in the survey cover various aspects of the economy such as sales, profits, capital expenditure, hiring plans, and inflation expectations</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.