Skip to Content

Policy Research Institute

 

Business Outlook Survey 

(October-December 2008)

 Dec  24 , 2008

1.Business conditions

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

(%)

 

 

 Jul.-Sep.
2008
(previous)

Oct-Dec.
2008
(present)

Jan.-Mar.
2009
(outlook)

Apr.-Jun.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -10.2 -35.7 -22.2 -10.3
 Manufacturing -10.0 -44.5 -27.2 -10.2
 Non-manufacturing -10.2 -30.5 -19.2 -10.4
Corporationswith capital of 100 million to 1 billion yen
Allindustries -18.6 -33.3 -30.9 -16.7
 Manufacturing -15.0 -43.7 -40.2 -16.7
 Non-manufacturing -19.8 -30.0 -28.0 -16.6
Corporationswith capital of 10 to 100 million yen
Allindustries -34.3 -40.7 -38.3 -24.1
 Manufacturing -34.7 -51.3 -46.8 -27.8
 Non-manufacturing -34.3 -38.5 -36.5 -23.3

 

2.Domestic economic conditions

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

(%)

 

 

 Jul.-Sep.
2008
(previous)

Oct-Dec.
2008
(present)

Jan.-Mar.
2009
(outlook)

Apr.-Jun.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -36.1 -63.8 -43.7 -18.4
 Manufacturing -30.9 -67.8 -43.2 -13.4
 Non-manufacturing -39.2 -61.4 -44.0 -21.4
Corporationswith capital of 100 million to 1 billion yen
Allindustries -47.5 -65.0 -52.4 -27.9
 Manufacturing -38.4 -66.9 -53.4 -24.3
 Non-manufacturing -50.3 -64.4 -52.1 -29.1
Corporationswith capital of 10 to 100 million yen
Allindustries -57.2 -66.8 -57.2 -37.3
 Manufacturing -53.9 -68.9 -59.6 -35.4
 Non-manufacturing -57.8 -66.4 -56.7 -37.7

 

3.Sales(compared with the previous year)

(%)

 

 FY 2008

  1st half

   FY 2008

  2nd half

   FY 2008

Allindustries -0.4 2.6 -3.2
 Manufacturing -0.7 3.0 -4.2
 Non-manufacturing -0.2 2.4 -2.8

 

4.Ordinary profits (compared with the previous year)

(%)

 

 FY 2008

  1st half

   FY 2008

  2nd half

   FY 2008

All industries -20.8 -15.4 -26.4
 Manufacturing -26.2 -15.0 -38.6
 Non-manufacturing -16.6 -15.6 -17.5

              

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

(%)

 

 FY 2008

  1st half

   FY 2008

  2nd half

   FY 2008

Allindustries -9.8 -4.3 -14.3
 Manufacturing -2.4 1.2 -5.4
 Non-manufacturing -15.0 -8.2 -20.6

 

6.Employment

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

(%)

 

 

 Jul.-Sep.
2008
(previous)

Oct-Dec.
2008
(present)

Jan.-Mar.
2009
(outlook)

Apr.-Jun.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 9.2 2.5 3.3 2.9
 Manufacturing 4.2 -9.6 -7.3 -2.0
 Non-manufacturing 12.1 9.6 9.6 5.8
Corporationswith capital of 100 million to 1 billion yen
Allindustries 13.2 4.8 1.8 1.6
 Manufacturing 6.1 -12.0 -14.0 -4.5
 Non-manufacturing 15.5 10.0 6.8 3.4
Corporationswith capital of 10 to 100 million yen
Allindustries 5.7 2.4 -0.7 -0.7
 Manufacturing 4.9 -4.4 -6.5 -2.7
 Non-manufacturing 5.8 3.8 0.5 -0.3