The business survey index of large manufacturing firms in Japan posted at -3.6% in the fourth quarter of 2022, reversing from a 1.7% rise in the third quarter as elevated raw materials prices continued to pressure corporate margins, while global economic uncertainties weighed on sentiment. Latest data showed that producer prices in the country surged 9.3% in November 2022 from a year ago, slowing from a revised 9.4% gain in October but exceeding expectations for a slight slowdown to 8.9%. Meanwhile, renewed fears of a global recession clouded the outlook, with central banks in major economies set to tighten policy further. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen. source: Cabinet Office, Japan
Business Survey Index Large Manufacturing Firms in Japan averaged -1.27 percent from 2004 until 2022, reaching an all time high of 21.60 percent in the fourth quarter of 2020 and a record low of -66.00 percent in the first quarter of 2009. This page includes a chart with historical data for Japan Business Survey Index Large Manufacturing Firms. Japan Business Survey Index Large Manufacturing Firms - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Business Survey Index Large Manufacturing Firms in Japan is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.