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Policy Research Institute

 

Business Outlook Survey 

(April-June 2005)

1.Business conditions

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

(percent point)

 

 

Jan.-Mar.
2005
(previous)

 

Apr.-Jun.
2005 
(present)

 

Jul.-Sept.
2005

(outlook)

 

Oct.-Dec.
2005
(outlook)

Corporations with capital of 1 billion yen or over
All industry

0.6

0.9 11.3 11.8
 Manufacturing

-7.6

-2.4 10.9 13.4
 Non-manufacturing

5.5

2.9 11.5 10.9
Corporations with capital of 100 million to 1 billion yen
All industry

-9.7

-5.0 7.5 12.6
 Manufacturing

-18.7

-6.9 8.2 16.0
 Non-manufacturing

-6.9

-4.4 7.3 11.5
Corporations with capital of 10 to 100 million yen
All industry

-24.3

-21.4 -12.6 -5.2
 Manufacturing

-24.6

-19.9 -10.5 0.1
 Non-manufacturing

-24.2

-21.7 -13.1 -6.3

 

2.Domestic economic conditions

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

(percent point)

 

 

Jan.-Mar.
2005
(previous)

 

Apr.-Jun.
2005 
(present)

 

Jul.-Sept.
2005

(outlook)

 

Oct.-Dec.
2005
(outlook)

Corporations with capital of 1 billion yen or over
All industry

-0.3

5.7 9.6 11.4
 Manufacturing

-6.1

4.7 8.9 10.5
 Non-manufacturing

3.2

6.3 9.9 11.9
Corporations with capital of 100 million to 1 billion yen
All industry

-6.6

3.4 6.7 10.1
 Manufacturing

-12.4

0.8 4.1 10.4
 Non-manufacturing

-4.8

4.2 7.6 10.0
Corporations with capital of 10 to 100 million yen
All industry

-21.1

-13.2 -11.2 -7.4
 Manufacturing

-18.4

-12.8 -10.1 -1.6
 Non-manufacturing

-21.7

-13.3 -11.4 -8.6

 

3.Sales(compared with the previous year)

(percent)

 

  FY 2005

1st half   FY 2005

2nd half   FY 2005

All industry 2.4 2.0 2.9
 Manufacturing 3.0 1.8 4.2
 Non-manufacturing 2.2 2.0 2.3

 

4.Current profits (compared with the previous year)

(percent)

 

  FY 2005

1st half   FY 2005

2nd half   FY 2005

All industry 8.6 2.1 14.1
 Manufacturing 5.2 -5.2 14.8
 Non-manufacturing 10.7 7.0 13.8

              

5.Investment in plant and equipment (compared with the previous year)

(percent)

 

  FY 2005

1st half   FY 2005

2nd half   FY 2005

All industry 8.1 20.3 -1.7
 Manufacturing 14.7 39.0 -3.2
 Non-manufacturing 4.2 10.0 -0.8

 

6.Employment

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

(percent point)

 

 

Jan.-Mar.
2005
(previous)

 

Apr.-Jun.
2005 
(present)

 

Jul.-Sept.
2005

(outlook)

 

Oct.-Dec.
2005
(outlook)

Corporations with capital of 1 billion yen or over
All industry

8.4

7.8 6.3 6.8
 Manufacturing

2.8

2.1 1.3 1.8
 Non-manufacturing

11.8

11.1 9.1 9.8
Corporations with capital of 100 million to 1 billion yen
All industry

10.3

13.0 11.3 11.6
 Manufacturing

4.0

5.4 5.1 7.4
 Non-manufacturing

12.2

15.3 13.3 12.9
Corporations with capital of 10 to 100 million yen
All industry

9.1

6.4 5.9 8.9
 Manufacturing

6.5

6.4 6.1 9.8
 Non-manufacturing

9.6

6.4 5.8 8.7