Tankan Survey: the large manufacturers’ index declines to +12 in the third quarter

Market news

1 October 2015

Tankan Survey: the large manufacturers’ index declines to +12 in the third quarter

The Bank of Japan released its quarterly Tankan business survey on Thursday. The large manufacturers' index declined to +12 in the third quarter from +15 in the second quarter, missing expectations for a fall to +13. Confidence worsened despite record-high profits of companies.

The outlook fell to +10 in the third quarter from +16 in the second quarter.

The large non-manufacturers' index rose +25 in the third quarter from 23 in the previous quarter. It was the highest level since 1991. The outlook decreased to +19 from +21.

Official data: Chinese manufacturing PMI rises to 49.8 in September

International Monetary Fund (IMF) Managing Director Christine Lagarde: the global economy will grow slower due to a slowdown in emerging economies

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