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Policy Research Institute

 

Business Outlook Survey 

(October-December 2007)

Dec 25,2007

1.Business conditions

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

(percent point)

 

 

 Jul.-Sept.
2007
(previous)

Oct.-Dec.
2007
(present)

Jan.-Mar.
2008
(outlook)

Apr.-Jun.
2008
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustry 6.2 0.5 2.4 2.1
 Manufacturing 7.7 5.2 1.1 1.3
 Non-manufacturing 5.3 -2.2 3.2 2.5
Corporationswith capital of 100 million to 1 billion yen
Allindustry 0.7 -2.6 -3.4 -0.6
 Manufacturing 3.6 2.7 -4.2 3.2
 Non-manufacturing -0.2 -4.3 -3.2 -1.7
Corporationswith capital of 10 to 100 million yen
Allindustry -22.3 -18.7 -18.7 -13.3
 Manufacturing -27.2 -16.8 -19.1 -4.8
 Non-manufacturing -21.3 -19.1 -18.6 -15.1

 

2.Domestic economic conditions

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

(percent point)

 

 

 Jul.-Sept.
2007
(previous)

Oct.-Dec.
2007
(present)

Jan.-Mar.
2008
(outlook)

Apr.-Jun.
2008
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustry 6.3 -4.1 -4.5 0.9
 Manufacturing 6.2 -0.6 -5.5 0.1
 Non-manufacturing 6.3 -6.2 -3.9 1.3
Corporationswith capital of 100 million to 1 billion yen
Allindustry 0.8 -9.1 -11.0 -5.1
 Manufacturing 2.3 -7.9 -11.7 -4.5
 Non-manufacturing 0.3 -9.5 -10.8 -5.3
Corporationswith capital of 10 to 100 million yen
Allindustry -21.5 -26.3 -25.7 -15.3
 Manufacturing -22.3 -25.0 -20.2 -6.4
 Non-manufacturing -21.4 -26.6 -26.8 -17.1

 

3.Sales(compared with the previous year)

(percent)

 

  FY 2007

2nd half   FY 2007

Allindustry 1.9 1.1
 Manufacturing 4.2 2.9
 Non-manufacturing 0.8 0.3

 

4.Ordinary profits (compared with the previous year)

(percent)

 

  FY 2007

2nd half   FY 2007

Allindustry -1.0 -3.6
 Manufacturing 0.9 -1.8
 Non-manufacturing -2.5 -5.0

              

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

(percent)

 

  FY 2007

2nd half   FY 2007

Allindustry -0.4 2.4
 Manufacturing 4.7 9.0
 Non-manufacturing -4.1 -2.4

 

6.Employment

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

(percent point)

 

 

 Jul.-Sept.
2007
(previous)

Oct.-Dec.
2007
(present)

Jan.-Mar.
2008
(outlook)

Apr.-Jun.
2008
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustry 16.0 18.1 16.0 10.2
 Manufacturing 10.0 11.8 9.6 5.9
 Non-manufacturing 19.5 21.9 19.8 12.8
Corporationswith capital of 100 million to 1 billion yen
Allindustry 21.1 21.0 17.6 13.4
 Manufacturing 14.3 16.8 11.3 8.7
 Non-manufacturing 23.2 22.3 19.5 14.9
Corporationswith capital of 10 to 100 million yen
Allindustry 12.4 11.0 8.3 5.5
 Manufacturing 11.7 11.5 6.9 5.3
 Non-manufacturing 12.5 10.9 8.6 5.5