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Forex news -forex broker review => Forex => Topic started by: forex4you on May 18, 2022, 06:18 am

Title: Reuters Tankan shows Japan Manufacturers Index halving in May, lowest since Feb. 2021
Post by: forex4you on May 18, 2022, 06:18 am
Reuters Tankan shows Japan Manufacturers Index halving in May, lowest since Feb. 2021

The Reuters Tankan monthly poll is intended to track the quarterly Bank of Japan tankan survey.
The results for May 2022 have been published.

    May manufacturers' sentiment index +5 vs April +11
    Manufacturers' mood hits lowest since Feb 2021
    May service sector index +13 vs +8 in April
     manufacturers' business confidence was seen falling to 3 in August, while that of service-sector firms was expected to fall slightly to 12
     firms faced headwinds from persistently high raw material costs and Chinese coronavirus lockdown measures.

 
Some comments from survey participants:

     "We're seeing a decrease in our workload as carmakers are facing impact on their output from chip shortages and Chinese coronavirus lockdowns that are causing parts supply delays," said a manager at a transportation equipment maker.
    "Soaring raw material prices could not sufficiently be passed on," said a manager at a metal products maker.
    Another manager, at a construction firm, said purchasing prices of goods had soared due to 's invasion of e.

 


Reuters Tankan monthly poll:

    poll of 499 big and mid-sized companies
     conducted from April 26 to May 13
    236 responses
    The Reuters Tankan index readings are calculated by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.


jpy shows little response:

Source: Reuters Tankan shows Japan Manufacturers Index halving in May, lowest since Feb. 2021 (https://www.forexlive.com/news/reuters-tankan-shows-japan-manufacturers-index-halving-in-may-lowest-since-feb-2021-20220517/)

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