CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Japan's service sector sentiment improves in July: survey

08-09-2010 16:44 BJT

TOKYO, Aug. 9 (Xinhua) -- Sentiment in Japan's service sector rose in July following two successive months of decline, the Cabinet Office said in its monthly Economy Watchers Survey released Monday.

According to the survey data for the recording month, the index for current conditions rose to 49.8 from 47.5 a month earlier, beating economists' expectations for a reading of 48 and equaling a three-year high logged in April.

A score of more than 50 means people surveyed in Japan's service sector view business conditions in a positive light. Conversely, a number below figure indicates a pessimistic view.

The survey's overall outlook index, which gauges the level of confidence in future conditions two to three months ahead, fell to 46.6 from June's reading of 48.3 -- below economists' forecasts for a rise to 48.8.

The Cabinet Office maintains that whilst the economy remains in a tough condition there are signs it is "improving."

The Economy Watchers Survey asks business-cycle sensitive workers their thoughts on existing and future economic conditions, to provide the government with a detailed picture of economic trends in Japan.

Segments of the economy surveyed include sectors such as retail, restaurant service, and taxi driving and the monthly report serves as both a consumer confidence indicator and a leading indicator for the rest of the economy.

The Cabinet Office started compiling the data in comparative form in August 2001.

Editor:Xiong Qu |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program