In the third quarter of 2024, Japan's major manufacturing sector experienced a slight uptick, as evidenced by the Bank of Japan's quarterly Tankan Survey on business sentiment reporting a diffusion index score of +14. This result surpassed expectations, which had predicted a steady score of +13 from the previous three months.
For future prospects, large manufacturers had an index of +13, a slight decrease from the previous quarter's +14. The index for large non-manufacturers was recorded at +33, outperforming forecasts of +28 and a modest decline from +34. The forecast for this sector was +28, down from +33 for the preceding quarter.
In the medium-sized business sector, the manufacturing index recorded a score of +11 with an anticipated outlook of +8. Meanwhile, medium non-manufacturing businesses posted an index of +22 with an expectation of +15.
For smaller enterprises, the manufacturing index stood at +1, while non-manufacturing reached +16.
Regarding capital expenditures, large industry saw an increase of 11.3 percent, surpassing the predicted 9.6 percent growth and up from 10.6 percent in the previous quarter. Small industry capital expenditures rose by 4.0 percent, reflecting acceleration from 2.6 percent in the past three months.
The material has been provided by InstaForex Company -
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