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The mood index for large manufacturing companies determined therein therefore fell to plus 1 in March, against plus 7 points three months earlier. A positive index means that optimists still outnumber the managers surveyed. However, the deterioration in sentiment turned out to be stronger than expected.
In contrast, sentiment in the services sector of the world’s third-largest economy, ahead of Germany, improved over the same period. The index for large non-manufacturing companies improved slightly from 19 to 20, according to the Bank of Japan (BoJ) survey.
In the coming months, the sentiment index for large manufacturing companies is expected to rise slightly further to plus 3. The services sector, on the other hand, expects the index to deteriorate to 15.
(SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
