Skip to Content

Policy Research Institute

 

Business Outlook Survey 

(April-June 2015)

 Jun. 11, 2015

1. Business conditions

Business survey index
(Difference of "up"-"down" compared with previous quarter)

(%points)

 

 Jan.-Mar.
2015
(previous)

 Apr.-Jun.
2015
(present)

 Jul.-Sep.
2015
(outlook)

 Oct.-Dec.
2015
(outlook)

Corporations with capital of 1 billion yen or over
  All industries 1.9 -1.2 10.6 8.9
 Manufacturing 2.4 -6.0 13.2 11.8
 Non-manufacturing 1.7 1.3 9.3 7.3
Corporations with capital of 100 million to 1 billion yen
  All industries -2.2 -2.2 8.3 10.3
 Manufacturing -8.4 -6.8 9.1 13.8
 Non-manufacturing -0.3 -0.7 8.1 9.2
Corporations with capital of 10 to 100 million yen
  All industries -14.8 -13.6 -5.1 0.6
 Manufacturing -15.7 -10.0 -3.4 2.6
 Non-manufacturing -14.7 -14.4 -5.4 0.1

 

2. Domestic economic conditions

Business survey index
(Difference of "up"-"down" compared with previous quarter)

(%points)

 

 Jan.-Mar.
2015
(previous)

 Apr.-Jun.
2015
(present)

 Jul.-Sep.
2015
(outlook)

 Oct.-Dec.
2015
(outlook)

Corporations with capital of 1 billion yen or over
  All industries 8.7 9.8 11.4 9.8
 Manufacturing 8.3 5.3 10.2 8.8
 Non-manufacturing 8.9 12.2 12.1 10.4
Corporations with capital of 100 million to 1 billion yen
  All industries 1.0 9.3 10.8 10.7
 Manufacturing -0.6 3.2 9.8 9.8
 Non-manufacturing 1.5 11.2 11.1 11.0
Corporations with capital of 10 to 100 million yen
  All industries -12.4 -7.5 -4.5 -0.6
 Manufacturing -9.1 -5.2 -7.1 -1.5
 Non-manufacturing -13.1 -8.0 -4.0 -0.4

 

3. Employment

Business survey index
(Difference of "insufficient"-"excessive" )

(%points)

 

End of Mar.
2015
(previous)

End of Jun.
2015
(present)

End of Sep.
2015
(outlook)

End of Dec.
2015
(outlook)

Corporations with capital of 1 billion yen or over
  All industries 13.5 10.6 9.3 8.5
 Manufacturing 6.1 4.2 3.5 2.8
 Non-manufacturing 17.3 13.9 12.3 11.5
Corporations with capital of 100 million to 1 billion yen
  All industries 23.7 20.4 18.2 17.1
 Manufacturing 13.4 10.4 8.0 8.3
 Non-manufacturing 26.8 23.5 21.4 19.9
Corporations with capital of 10 to 100 million yen
  All industries 16.8 17.3 13.7 14.3
 Manufacturing 16.2 13.8 10.6 13.0
 Non-manufacturing 16.9 18.0 14.3 14.5

 

4. Sales (compared with the previous year)

(%)

 

  FY 2015

  1st half

   FY 2015

  2nd half

   FY 2015

All industries 0.2 0.1 0.3
 Manufacturing 1.3 0.6 1.9
 Non-manufacturing -0.2 -0.0 -0.4

          

   

5. Ordinary profits (compared with the previous year)

(%)

 

  FY 2015

  1st half

   FY 2015

  2nd half

   FY 2015

All industries 1.9 -0.1 3.7
 Manufacturing 3.4 0.7 6.0
 Non-manufacturing 1.2 -0.4 2.6

          

   

6. Software and investment in plant and equipment (compared with the previous year)

(%)

 

  FY 2015

  1st half

   FY 2015

  2nd half

   FY 2015

All industries 5.9 17.5 -2.9
 Manufacturing 15.7 33.3 2.3
 Non-manufacturing 0.5 8.8 -5.8
Note:  Excludes expense purchasing land.