Japan's factory mood turns less optimistic in May - Reuters Tankan

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Last Updated, May 17, 2022, 11:01 PM

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May 17, 2022 • 16 minutes ago • 2 minute read • Join the conversation

TOKYO — Japanese manufacturers’ business

sentiment fell to the lowest since February 2021 as firms

struggled with growing cost pressures, while the

service-sector’s mood improved to a more than two-year high, the

Reuters Tankan poll showed.

The Reuters Tankan index readings are derived by subtracting

the percentage of respondents who say conditions are poor from

those who say they are good. A positive reading means that

optimists outnumber pessimists.

Following is a table of indexes for key sectors and a

comparison with the Bank of Japan’s quarterly tankan survey:

2022 2021

AUG (f’cast) MAY APR MAR FEB JAN DEC

===============================================================

MANUFACTURERS (+3) +5 +11 +8 +6 +17 +22

—————————————————————

(Materials) (-12) -2 +3 -6 +6 +13 +25

– Textiles/paper (-20) 0 -20 -40 -20 -9 0

– Chemicals (0) +12 +6 +19 +26 +47 +56

– Oil refinery/ceramics (-14) -14 +13 -12 +25 0 +11

– Steel/nonferrous metals (-20) -20 +9 -9 -18 -9 +9

(Manufactured products) (+9) +9 +15 +16 +6 +20 +21

– Food (+9) 0 +8 +9 -9 +27 +9

– Metal products/machinery (+26) +35 +41 +24 +20 +38 +26

– Electric machinery (0) 0 0 +16 +14 +14 +27

– Autos/transport equipment(-13) -40 -36 -14 -29 -17 0

– Precision machinery/others(+15) +38 +29 +38 +16 +20 +25

===============================================================

NON-MANUFACTURERS (+12) +13 +8 -1 +3 +8 +6

—————————————————————

– Real estate/construction (-26) -20 -14 -10 -9 -9 -5

– Retail/wholesale (+5) +14 +11 -3 +13 +14 +13

– Wholesalers (+15) +31 +27 +12 +12 +33 +33

– Retailers (-6) -6 -6 -16 +13 0 -5

– Information/communications(+67) +54 +50 +59 +54 +46 +54

– Transport/utility (+27) +21 +10 +10 +5 +9 +5

– Other services (0) 0 -3 -26 -23 -8 -16

===============================================================

*** COMPARISON WITH BANK OF JAPAN TANKAN ***

===============================================================

MANUFACTURERS NON-MANUFACTURERS

RTRS BOJ RTRS BOJ

—————————————————————

AUG 2022 (forecast) +3 – +12 –

JUL – – – –

JUN – (+9) – (+7)

MAY +5 – +13 –

APR +11 – +8 –

MAR +8 +14 -1 +9

FEB +6 – +3 –

JAN +17 – +8 –

DEC 2021 +22 +17 +6 +10

NOV +13 – +1 –

OCT +16 – -1 –

SEP +18 +18 -2 +2

AUG +33 – +5 –

JUL +25 – -3 –

JUN +22 +14 0 +1

MAY +21 – +2 –

APR +13 – -3 –

MAR +6 +5 -5 -1

FEB +3 – -7 –

JAN -1 – -11 –

DEC 2020 -9 -10 -4 -5

NOV -13 – -13 –

OCT -26 – -16 –

SEP -29 -27 -18 -12

AUG -33 – -23 –

JUL -44 – -26 –

JUN -46 -34 -32 -17

MAY -44 – -36 –

APR -30 – -23 –

MAR -20 -8 -10 +8

FEB -5 – +15 –

JAN -6 – +14 –

DEC 2019 -6 0 +14 +20

NOV -9 – +12 –

OCT -5 – +25 –

SEP -7 +5 +19 +21

AUG -4 – +13 –

JUL +3 – +25 –

JUN +6 +7 +22 +23

MAY +12 – +27 –

APR +8 – +24 –

MAR +10 +12 +22 +21

FEB +13 – +22 –

JAN +18 – +31 –

—————————————————————-

(Reporting by Daniel Leussink)

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