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Policy Research Institute

 

Business Outlook Survey 

(July-September 2008)

 Sep  24 , 2008

1.Business conditions

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

(%)

 

 

 Apr.-Jun.
2008
(previous)

Jul.-Sep.
2008
(present)

Oct.-Dec.
2008
(outlook)

Jan.-Mar.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -15.2 -10.2 -5.3 -0.4
 Manufacturing -15.1 -10.0 -4.3 0.8
 Non-manufacturing -15.3 -10.2 -5.9 -1.1
Corporationswith capital of 100 million to 1 billion yen
Allindustries -18.1 -18.6 -7.4 -6.2
 Manufacturing -16.4 -15.0 -5.7 -6.9
 Non-manufacturing -18.6 -19.8 -7.9 -6.1
Corporationswith capital of 10 to 100 million yen
Allindustries -36.5 -34.3 -24.4 -23.2
 Manufacturing -37.5 -34.7 -27.0 -22.2
 Non-manufacturing -36.4 -34.3 -23.9 -23.4

 

2.Domestic economic conditions

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

(%)

 

 

Apr.-Jun.
2008
(previous)

Jul.-Sep.
2008
(present)

Oct.-Dec.
2008
(outlook)

Jan.-Mar.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -27.3 -36.1 -23.5 -11.4
 Manufacturing -23.4 -30.9 -18.2 -7.6
 Non-manufacturing -29.6 -39.2 -26.6 -13.7
Corporationswith capital of 100 million to 1 billion yen
Allindustries -37.4 -47.5 -36.4 -22.5
 Manufacturing -33.8 -38.4 -30.9 -16.5
 Non-manufacturing -38.5 -50.3 -38.2 -24.4
Corporationswith capital of 10 to 100 million yen
Allindustries -54.6 -57.2 -45.4 -37.2
 Manufacturing -55.5 -53.9 -45.2 -35.9
 Non-manufacturing -54.5 -57.8 -45.5 -37.4

 

3.Sales(compared with the previous year)

(%)

 

 FY 2008

  1st half

   FY 2008

  2nd half

   FY 2008

Allindustries 1.6 2.0 1.2
 Manufacturing 3.3 3.1 3.5
 Non-manufacturing 0.8 1.4 0.1

 

4.Ordinary profits (compared with the previous year)

(%)

 

 FY 2008

  1st half

   FY 2008

  2nd half

   FY 2008

All industries -7.5 -14.5 -0.1
 Manufacturing -10.8 -20.0 -0.6
 Non-manufacturing -4.8 -9.9 0.4

              

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

(%)

 

 FY 2008

  1st half

   FY 2008

  2nd half

   FY 2008

Allindustries -2.4 1.7 -5.9
 Manufacturing 8.6 12.5 5.3
 Non-manufacturing -10.6 -6.3 -14.2

 

6.Employment

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

(%)

 

 

 Apr.-Jun.
2008
(previous)

Jul.-Sep.
2008
(present)

Oct.-Dec.
2008
(outlook)

Jan.-Mar.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 12.0 9.2 8.6 9.0
 Manufacturing 6.0 4.2 3.9 3.7
 Non-manufacturing 15.5 12.1 11.4 12.1
Corporationswith capital of 100 million to 1 billion yen
Allindustries 14.0 13.2 13.0 11.1
 Manufacturing 4.5 6.1 6.6 4.6
 Non-manufacturing 17.0 15.5 15.0 13.1
Corporationswith capital of 10 to 100 million yen
Allindustries 6.6 5.7 6.1 4.1
 Manufacturing 1.5 4.9 5.0 2.1
 Non-manufacturing 7.6 5.8 6.3 4.5