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Policy Research Institute

 

Business Outlook Survey 

(January-March 2007)

 March  22 , 2007

1.Business conditions

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

(%)

 

 

 Oct.-Dec.
2006
(previous)

Jan.-Mar.
2007
(present)

Apr .-Jun.
2007
(outlook)

Jul.-Sep.
2007
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 6.4 6.2 4.2 9.9
 Manufacturing 7.1 0.1 4.1 11.8  Non-manufacturing 6.0 9.8 4.3 8.8 Corporationswith capital of 100 million to 1 billion yen Allindustries 7.3 -3.1 2.8 8.2  Manufacturing 12.1 -8.9 4.9 11.3  Non-manufacturing 5.7 -1.2 2.1 7.2 Corporationswith capital of 10 to 100 million yen Allindustries -7.8 -16.7 -7.0 -4.1  Manufacturing -4.0 -22.5 -6.2 -1.7  Non-manufacturing -8.6 -15.5 -7.2 -4.6

 

2.Domestic economic conditions

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

(%)

 

 

 Oct.-Dec.
2006
(previous)

Jan.-Mar.
2007
(present)

Apr .-Jun.
2007
(outlook)

Jul.-Sep.
2007
(outlook)

Corporationswith capital of 1 billion yen or over Allindustries 13.0 13.4 10.1 10.3  Manufacturing 9.0 5.9 7.3 8.2  Non-manufacturing 15.4 17.9 11.8 11.5 Corporationswith capital of 100 million to 1 billion yen Allindustries 15.0 6.6 7.9 9.7  Manufacturing 14.9 0.8 6.2 10.2  Non-manufacturing 15.0 8.5 8.4 9.5 Corporationswith capital of 10 to 100 million yen Allindustries -2.5 -9.8 -2.4 -2.3  Manufacturing -0.4 -16.6 -5.8 -4.7  Non-manufacturing -2.9 -8.4 -1.7 -1.8

 

3.Sales(compared with the previous year)

(%)

 

FY 2006 1sthalf   FY 2006 2nd half   FY 2006 FY 2007 1sthalf   FY 2007

2nd half   FY 2007

Allindustries 2.6 4.1 1.2 1.4 1.2 1.7
 Manufacturing 5.1 6.9 3.4 2.1 2.1 2.1
 Non-manufacturing 1.5 2.9 0.2 1.2 0.8 1.5

 

4.Ordinary profits (compared with the previous year)

(%)

 

FY 2006 1sthalf   FY 2006 2nd half   FY 2006 FY 2007 1sthalf   FY 2007

2nd half   FY 2007

All industries 4.5 10.9 -0.9 6.2 0.7 11.1
 Manufacturing 7.4 11.9 3.5 2.8 -5.8 11.4  Non-manufacturing 2.2 10.0 -4.2 8.6 5.8 11.0

              

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

(%)

 

FY 2006 1sthalf   FY 2006 2nd half   FY 2006 FY 2007 1sthalf   FY 2007

2nd half   FY 2007

Allindustries 8.1 7.1 8.8 -5.3 6.7 -15.6
 Manufacturing 15.8 13.7 17.5 0.5 27.5 -20.2
 Non-manufacturing 4.0 3.8 4.2 -8.9 -5.0 -12.5

 

6.Employment

Businesssurvey index
(Difference of "insufficient"-"excessive" )

(%)

 

 

 Oct.-Dec.
2006
(previous)

Jan.-Mar.
2007
(present)

Apr .-Jun.
2007
(outlook)

Jul.-Sep.
2007
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 16.9 18.6 11.3 10.7
 Manufacturing 9.4 9.7 5.7 5.0
 Non-manufacturing 21.3 23.9 14.6 14.0
Corporationswith capital of 100 million to 1 billion yen
Allindustries 22.5 21.6 14.9 13.9
 Manufacturing 16.8 11.7 9.5 8.5
 Non-manufacturing 24.4 24.8 16.6 15.7
Corporationswith capital of 10 to 100 million yen
Allindustries 17.5 14.7 9.6 9.0
 Manufacturing 14.2 10.2 7.3 6.9
 Non-manufacturing 18.2 15.7 10.1 9.4