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Japan small business confidence climbs for second month

Staff Writer | July 28, 2016
Confidence among Japan's small and medium-sized enterprises improved for the second straight month in July, survey figures released by the Shoko Chukin Bank showed.
Japan industry
Economy in Asia   The Shoko Chukin Bank:
The small business confidence index rose to 47.8 in July from 46.5 in the previous month. In May, the score was 45.6.

The index measuring confidence in the manufacturing industry strengthened to 46.6 in July from 45.9 in June. Similarly, the morale for the non-manufacturing sector gained by 1.9 points to 48.8 during the month.

The overall business confidence index for August is expect to fall to 47.4. The survey respondents forecast the manufacturing confidence to drop to 44.8, while the non-manufacturing confidence to rise to 49.5.