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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 20061sthalf   FY 20062nd half   FY 2006FY 20071sthalf   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 20061sthalf   FY 20062nd half   FY 2006FY 20071sthalf   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 20061sthalf   FY 20062nd half   FY 2006FY 20071sthalf   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