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Policy Research Institute

 

Business Outlook Survey 

(July-September 2005)

1.Business conditions

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

(percent point)

 

 

Apr.-Jun.
2005 
(previous)

Jul.-Sept.
2005
(present)

Oct.-Dec.
2005
(outlook)

Jan.-Mar.
2006
(outlook)

Corporations with capital of 1 billion yen or over
All industry

0.9

9.7 10.7 9.7
 Manufacturing

-2.4

6.4 11.1 9.0
 Non-manufacturing

2.9

11.6 10.4 10.2
Corporations with capital of 100 million to 1 billion yen
All industry

-5.0

5.5 7.5 6.3
 Manufacturing

-6.9

5.1 8.1 6.1
 Non-manufacturing

-4.4

5.7 7.3 6.4
Corporations with capital of 10 to 100 million yen
All industry

-21.4

-15.1 -3.8 -7.3
 Manufacturing

-19.9

-11.9 -1.7 -6.7
 Non-manufacturing

-21.7

-15.8 -4.2 -7.4

 

2.Domestic economic conditions

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

(percent point)

 

 

Apr.-Jun.
2005 
(previous)

Jul.-Sept.
2005

(present)

Oct.-Dec.
2005
(outlook)

Jan.-Mar.
2006
(outlook)

Corporations with capital of 1 billion yen or over
All industry

5.7

17.1 13.9 9.3
 Manufacturing

4.7

13.9 12.2 7.5
 Non-manufacturing

6.3

19.0 14.9 10.4
Corporations with capital of 100 million to 1 billion yen
All industry

3.4

14.5 13.0 8.5
 Manufacturing

0.8

11.7 13.3 7.4
 Non-manufacturing

4.2

15.4 13.0 8.9
Corporations with capital of 10 to 100 million yen
All industry

-13.2

-4.8 -0.6 -4.3
 Manufacturing

-12.8

0.9 0.1 -2.9
 Non-manufacturing

-13.3

-6.0 -0.8 -4.6

 

3.Sales(compared with the previous year)

(percent)

 

  FY 2005

1st half   FY 2005

2nd half   FY 2005

All industry 2.2 2.1 2.2
 Manufacturing 2.3 1.8 2.8
 Non-manufacturing 2.1 2.3 2.0

 

4.Current profits (compared with the previous year)

(percent)

 

  FY 2005

1st half   FY 2005

2nd half   FY 2005

All industry 7.3 3.8 10.1
 Manufacturing 3.6 -3.7 10.2
 Non-manufacturing 9.6 9.1 10.1

              

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

(percent)

 

  FY 2005

1st half   FY 2005

2nd half   FY 2005

All industry 11.0 16.5 6.4
 Manufacturing 15.9 29.7 5.0
 Non-manufacturing 8.1 8.9 7.3

 

6.Employment

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

(percent point)

 

 

Apr.-Jun.
2005 
(previous)

Jul.-Sept.
2005

(present)

Oct.-Dec.
2005
(outlook)

Jan.-Mar.
2006
(outlook)

Corporations with capital of 1 billion yen or over
All industry

7.8

9.0 8.1 7.3
 Manufacturing

2.1

3.8 2.1 1.8
 Non-manufacturing

11.1

12.1 11.6 10.6
Corporations with capital of 100 million to 1 billion yen
All industry

13.0

16.7 13.3 11.6
 Manufacturing

5.4

12.5 8.8 7.4
 Non-manufacturing

15.3

18.0 14.8 12.9
Corporations with capital of 10 to 100 million yen
All industry

6.4

9.2 8.8 6.7
 Manufacturing

6.4

9.2 6.2 6.2
 Non-manufacturing

6.4

9.2 9.4 6.8