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Policy Research Institute

 

Business Outlook Survey 

(October-December 2005)

1.Business conditions

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

(percent point)

 

 

 Jul.-Sept.
2005
(previous)

Oct.-Dec.
2005
(present)

Jan.-Mar.
2006
(outlook)

Apr.-Jun.
2006
(outlook)

Corporations with capital of 1 billion yen or over
All industry

9.7

10.5 8.6 7.5
 Manufacturing

6.4

10.5 6.9 6.2
 Non-manufacturing

11.6

10.5 9.6 8.2
Corporations with capital of 100 million to 1 billion yen
All industry

5.5

5.2 3.8 5.6
 Manufacturing

5.1

11.9 -0.7 4.0
 Non-manufacturing

5.7

3.0 5.2 6.1
Corporations with capital of 10 to 100 million yen
All industry

-15.1

-6.4 -9.4 -6.1
 Manufacturing

-11.9

-3.0 -8.7 -1.9
 Non-manufacturing

-15.8

-7.1 -9.5 -7.0

 

2.Domestic economic conditions

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

(percent point)

 

 

 Jul.-Sept.
2005
(previous)

Oct.-Dec.
2005
(present)

Jan.-Mar.
2006
(outlook)

Apr.-Jun.
2006
(outlook)

Corporations with capital of 1 billion yen or over
All industry

17.1

26.1 15.2 12.1
 Manufacturing

13.9

23.9 11.5 9.3
 Non-manufacturing

19.0

27.4 17.4 13.8
Corporations with capital of 100 million to 1 billion yen
All industry

14.5

23.2 13.1 11.8
 Manufacturing

11.7

26.7 8.0 11.8
 Non-manufacturing

15.4

22.0 14.7 11.7
Corporations with capital of 10 to 100 million yen
All industry

-4.8

3.4 -2.8 -0.8
 Manufacturing

0.9

3.2 -2.3 3.5
 Non-manufacturing

-6.0

3.4 -2.9 -1.7

 

3.Sales(compared with the previous year)

(percent)

 

  FY 2005

2nd half   FY 2005

All industry 3.0 2.7
 Manufacturing 4.6 5.1
 Non-manufacturing 2.2 1.6

 

4.Ordinary profits (compared with the previous year)

(percent)

 

  FY 2005

2nd half   FY 2005

All industry 6.8 4.1
 Manufacturing 6.8 3.7
 Non-manufacturing 6.8 4.3

              

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

(percent)

 

  FY 2005

2nd half   FY 2005

All industry 11.8 9.2
 Manufacturing 14.3 12.4
 Non-manufacturing 10.3 7.2

 

6.Employment

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

(percent point)

 

 

 Jul.-Sept.
2005
(previous)

Oct.-Dec.
2005
(present)

Jan.-Mar.
2006
(outlook)

Apr.-Jun.
2006
(outlook)

Corporations with capital of 1 billion yen or over
All industry

9.0

12.0 10.1 5.7
 Manufacturing

3.8

6.8 4.6 2.2
 Non-manufacturing

12.1

15.1 13.4 7.8
Corporations with capital of 100 million to 1 billion yen
All industry

16.7

18.1 14.9 8.9
 Manufacturing

12.5

15.3 10.6 2.8
 Non-manufacturing

18.0

18.9 16.3 10.9
Corporations with capital of 10 to 100 million yen
All industry

9.2

13.3 8.7 3.6
 Manufacturing

9.2

15.5 9.3 5.3
 Non-manufacturing

9.2

12.8 8.6 3.2