Japan Eco Watchers Index Falls To 20-Month Low; Signals Bleak Outlook

1 week ago 5

A measurement of nationalist sentiment astir the Japanese economy weakened successful April to the lowest level successful much than one-and-a-half years, and the outlook besides weakened, survey information from the Cabinet Office showed connected Friday.

The existent conditions scale of the Economy Watchers' Survey, which measures the contiguous concern of the economy, dropped to 47.4 successful April from 49.8 successful March. Any speechmaking beneath 50 indicates pessimism.

Further, this was the lowest people since August 2022, erstwhile it was 45.5.

Both household and cooperative activities contributed to the alteration successful the wide index.

The outlook index, which signals aboriginal activity, decreased to a 16-month debased of 48.5 successful April from 51.2 successful March, mostly owed to a reduced publication by nutrient and drink-related items.

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