Reuters Tankan survey results are crossing
Headlines (via, errr, Reuters ):
- July manufacturers' sentiment index unchanged at +3, is seen at 0 in October
- Service-sector firms' index hit fresh 3-year low (to 15, from 17 in June), seen unchanged in October
- Business sentiment seen subdued amid weak demand
- Monthly poll of 534 big and mid-sized firms taken July 1-15
- 266 responded
- Reuters Tankan sentiment index for manufacturers dragged down by exporters of cars, electronics, steel and chemicals
- "We cannot see the future, given the effects of a rapid yen gain due to Britain's vote to leave EU," a manager at a chemicals firm said in the survey, which companies answer anonymously.
- "Capital expenditures are being put off because of uncertainty over Europe caused by Britain's exit from the EU, as well as a slowdown in China's economy, and currency situations," a machinery maker said.
