Japan Chemical Trading Blog
Sales in July-September Period of Japanese Companies Downturn
According to Nikkei Newspaper on August 17th, “the result of a survey carried out among major companies in Japan showed 23% replied that their sales forecast for the July-September period would downturn from the original plan, and only 11% expected better performance”.
We, a trading company specialized in chemical products, saw a slight sales downturn around June, then the sales in July recorded a decline year-on-year as well as from the previous month; sales in August have not been good enough so far.
The economy in the summer has often been slower in recent years and this pattern seems to apply this year again.
53% of 140 major Japanese companies suffered a year-on-year sales decline in July, according to the survey.