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Policy Research Institute

 

Business Outlook Survey 

(July-September 2007)

Sep  20,2007

1.Business conditions

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

(%)

 

 

Apr.-Jun.
2007 
(previous)

Jul.-Sept.
2007
(present)

Oct.-Dec.
2007
(outlook)

Jan.-Mar.
2008
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -0.9 6.2 9.2 8.6
 Manufacturing -2.2 7.7 11.2 8.7
 Non-manufacturing -0.2 5.3 8.0 8.6
Corporationswith capital of 100 million to 1 billion yen
Allindustries -5.1 0.7 7.5 4.3
 Manufacturing -1.1 3.6 11.1 3.0
 Non-manufacturing -6.4 -0.2 6.4 4.7
Corporationswith capital of 10 to 100 million yen
Allindustries -25.1 -22.3 -7.4 -10.3
 Manufacturing -27.6 -27.2 -4.7 -7.0
 Non-manufacturing -24.6 -21.3 -8.0 -11.0

 

2.Domestic economic conditions

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

(%)

 

 

Apr.-Jun.
2007 
(previous)

Jul.-Sept.
2007
(present)

Oct.-Dec.
2007
(outlook)

Jan.-Mar.
2008
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 9.9 6.3 7.1 6.7
 Manufacturing 7.1 6.2 6.4 4.5
 Non-manufacturing 11.5 6.3 7.6 7.9
Corporationswith capital of 100 million to 1 billion yen
Allindustries 8.7 0.8 3.8 2.1
 Manufacturing 8.4 2.3 4.7 0.2
 Non-manufacturing 8.7 0.3 3.5 2.7
Corporationswith capital of 10 to 100 million yen
Allindustries -16.0 -21.5 -12.1 -13.0
 Manufacturing -17.8 -22.3 -11.7 -9.6
 Non-manufacturing -15.6 -21.4 -12.2 -13.7

 

3.Sales(compared with the previous year)

(%)

 

FY 20071sthalf   FY 2007

2nd half   FY 2007

Allindustries 2.0 2.2 1.9
 Manufacturing 3.6 4.1 3.2
 Non-manufacturing 1.3 1.2 1.3

 

4.Ordinary profits (compared with the previous year)

(%)

 

FY 20071sthalf   FY 2007

2nd half   FY 2007

All industries 2.0 -0.7 4.4
 Manufacturing 1.4 -1.5 4.1
 Non-manufacturing 2.5 -0.0 4.7

              

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

(%)

 

FY 20071sthalf   FY 2007

2nd half   FY 2007

Allindustries 1.5 2.4 0.7
 Manufacturing 6.3 9.0 3.9
 Non-manufacturing -1.5 -1.8 -1.3

 

6.Employment

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

(%)

 

 

Apr.-Jun.
2007 
(previous)

Jul.-Sept.
2007
(present)

Oct.-Dec.
2007
(outlook)

Jan.-Mar.
2008
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 15.3 16.0 14.1 13.1
 Manufacturing 8.1 10.0 8.8 7.4
 Non-manufacturing 19.5 19.5 17.2 16.6
Corporationswith capital of 100 million to 1 billion yen
Allindustries 19.9 21.1 20.5 17.4
 Manufacturing 11.7 14.3 14.8 10.3
 Non-manufacturing 22.5 23.2 22.3 19.6
Corporationswith capital of 10 to 100 million yen
Allindustries 11.9 12.4 12.8 9.6
 Manufacturing 9.4 11.7 12.9 8.2
 Non-manufacturing 12.4 12.5 12.8 9.9