The sentiment amongst the Japanese manufacturing and services firms remained least pessimistic since February this year, indicating that the post-pandemic economic recovery is gathering pace, according to the latest monthly Reuters Tankan survey, released on Monday
Key findings
“The Reuters Tankan sentiment index for manufacturers showed a marked improvement in November, rising to minus 13 from minus 26 in the previous month. But the index remained in negative territory for a 16th straight month.”
“The service-sector index was also minus 13, up from minus 16 in October, with sentiment among wholesalers weighing on broad business confidence.”
“Manufacturers’ sentiment was seen recovering further to minus 8 in February, while that of service-sector firms was expected to remain unchanged at minus 13.”
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