Raise a Glass to Malbec! Malbec World Day, April 17 | SaltWire #reels #shorts #wine #foodTOKYO - Business confidence at big Japanese manufacturers and services sector firms slid in April from the prior month, dragged down by cost-of-living pressures and shaky economic conditions in major market China, a Reuters monthly poll showed.
The services sector index fell to plus 25 from plus 32 in the previous month, despite some gains by retailers. The survey, conducted April 3-12, found that both sectors' sentiment indexes improving slightly over the coming three months. The Reuters Tankan canvassed 497 large non-financial Japanese firms, of which 235 responded during the survey period.
"Demand has not stabilised due to delay in China's economic recovery and uncertainty over the outlook such as decoupling between U.S. and Chinese economies," a manager of a paper/pulp maker wrote in the survey on condition of anonymity.