Financial News: Japan Large Manufacturers' Confidence Weakens Sharply In Q

Japan Large Manufacturers' Confidence Weakens Sharply In Q1

03/13/2023 - 01:52:00 (RTTNews)

(RTTNews) - Japan large manufacturers' sentiment posted a sharp deterioration in the first quarter, the business outlook survey published by the Ministry of Finance showed on Monday.

The business survey index of large manufacturers fell to -10.5 in the March quarter from -3.6 in the preceding period. The score is forecast to improve markedly to -0.7 in the second quarter.

At the same time, the BSI for large non-manufacturers slid to +0.6 from +2.7 in the prior period. However, the index is expected to improve to +1.4 in the coming quarter. Consequently, the BSI for overall large manufacturers dropped to -3.0 from +0.7 in the fourth quarter of 2022. Manufacturers anticipate conditions to improve next quarter, with the score rising again to +0.7.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Denmark Economic Sentiment Rises Further (57 min(s), 07 sec(s) ago)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive (29 min(s), 07 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Spain Q4 GDP Growth Unrevised At 0.2% (24 min(s), 07 sec(s) ago)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story»

Czech Economic Sentiment Rises To 93.9, Highest In 7 Months (15 min(s), 07 sec(s) ago)
(RTTNews) - The Czech economic confidence index improved to its highest level in seven months, whi ...Full Story»

UK Private Sector Logs Strong Growth In March (57 min(s), 07 sec(s) ago)
(RTTNews) - The UK private sector registered another increase in activity in March, reflecting rob ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump 1.0% In February (56 min(s), 07 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Eurozone Services Activity Lifts Private Sector Growth To 10-Month High (02 min(s), 07 sec(s) ago)
(RTTNews) - Eurozone private sector logged the strongest growth in ten months in March underpinned ...Full Story»

Sweden Producer Price Inflation Eases On Lower Energy Costs (07 sec(s) ago)
(RTTNews) - Sweden's producer price inflation eased for the third straight month in February t ...Full Story»