July 24, 2009

Small Business Confidence Improves 1st Time In 9 Quarters

The diffusion index for business sentiment among small and midsize firms across all industries edged up 0.9 points on the quarter to -53.7 in the April-June period, marking the first improvement since the January-March period in 2007, according to the survey by Japan Finance Corp. The DI for small firms also climbed 1.1 points to -82.5 for the first expansion in 6 quarters. For the next quarter, the survey expects the DI to be up 1.5 points but the small firms' index to be down by 3.8 points.

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