1 Jul 2013
Japanese economic data reveals robust Q2 results
FXstreet.com (New York) - The recent tranche of overnight data out of Japan highlighted a series of upbeat figures, mostly exceeding expectations.
In Japan, the Tankan Large Manufacturing Outlook (Q2) was reported at 10.0, beating expectations of 7.0. Moreover, Tankan Large All Industry Capex (Q2) yielded a figure of +5.5%, exceeding estimates of +2.9%. The Tankan Large Manufacturing Index (Q2) yielded 4.0, against projections calling for -6.0.
In addition, the Tankan Non-Manufacturing Index (Q2) was reported at 12.0, against estimates of only 11.0. The lone data miss of the release was the Tankan Non-Manufacturing Outlook (Q2), which only came in at 12.0, missing projections of 14.0.
In Japan, the Tankan Large Manufacturing Outlook (Q2) was reported at 10.0, beating expectations of 7.0. Moreover, Tankan Large All Industry Capex (Q2) yielded a figure of +5.5%, exceeding estimates of +2.9%. The Tankan Large Manufacturing Index (Q2) yielded 4.0, against projections calling for -6.0.
In addition, the Tankan Non-Manufacturing Index (Q2) was reported at 12.0, against estimates of only 11.0. The lone data miss of the release was the Tankan Non-Manufacturing Outlook (Q2), which only came in at 12.0, missing projections of 14.0.