A measure of the public assessment of the current situation of the Japanese economy improved less-than-expected in July, survey data from the Cabinet Office showed on Friday.
The current conditions index of the Economy Watchers’ Survey rose to a 5-month high of 45.2 in July from 45.0 in June. The expected score was 45.5.
However, any score below 50 indicates pessimism.
Household-related activities rose by 0.4 points to 44.8, while the corporate activity-related measures dropped by 0.1 points to 46.0 due to the contraction in the non-manufacturing sector.
The outlook index that signals future activity also strengthened to 47.3 from 45.9 in the previous month, as both household and corporate activity-related conditions improved.
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