Tankan Survey: the large manufacturers’ index drops to +6 in the first quarter

Market news

1 April 2016

Tankan Survey: the large manufacturers’ index drops to +6 in the first quarter

The Bank of Japan released its quarterly Tankan business survey on late Thursday evening. The large manufacturers' index dropped to +6 in the first quarter from +12 in the fourth quarter, missing expectations for a fall to +8.

The outlook fell to +3 in the first quarter from +7 in the fourth quarter.

The large non-manufacturers' index fell to +22 in the first quarter from +25 in the fourth quarter, beating expectations for a decline to +24.

The outlook decreased to +17 from +18.

Chinese Markit/Caixin manufacturing PMI increases to 49.7 in March

Eurozone: Manufacturing PMI, March 51.6 (forecast 51.4)

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