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Policy Research Institute

 

Business Outlook Survey 

(January-March 2009)

 March  23 , 2009

1.Business conditions

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

(%)

 

 

 Oct.-Dec.
200 8
(previous)

Jan.-Mar.
2009
(present)

Apr.-Jun.
2009
(outlook)

Jul.-Sep.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -35.7 -51.3 -24.8 -7.0
 Manufacturing -44.5 -66.0 -27.0 -4.7
 Non-manufacturing -30.5 -42.6 -23.5 -8.3
Corporationswith capital of 100 million to 1 billion yen
Allindustries -33.3 -51.3 -32.6 -13.6
 Manufacturing -43.7 -69.1 -32.7 -9.2
 Non-manufacturing -30.0 -45.8 -32.6 -15.0
Corporationswith capital of 10 to 100 million yen
Allindustries -40.7 -52.9 -34.7 -22.3
 Manufacturing -51.3 -72.4 -38.8 -22.2
 Non-manufacturing -38.5 -48.8 -33.8 -22.3

 

2.Domestic economic conditions

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

(%)

 

 

 Oct.-Dec.
2008
(previous)

Jan.-Mar.
2009
(present)

Apr
2009
(outlook)

Jul.-Sep.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -63.8 -74.6 -41.2 -17.5
 Manufacturing -67.8 -78.8 -35.4 -9.5
 Non-manufacturing -61.4 -72.2 -44.6 -22.2
Corporationswith capital of 100 million to 1 billion yen
Allindustries -65.0 -76.4 -52.5 -28.2
 Manufacturing -66.9 -81.7 -46.0 -17.6
 Non-manufacturing -64.4 -74.7 -54.5 -31.6
Corporationswith capital of 10 to 100 million yen
Allindustries -66.8 -74.7 -53.4 -35.8
 Manufacturing -68.9 -82.4 -51.9 -27.9
 Non-manufacturing -66.4 -73.1 -53.7 -37.4

 

3.Sales(compared with the previous year)

(%)

 

FY 20081sthalf   FY 20082nd half   FY 2008FY 20091sthalf   FY 2009

2nd half   FY 2009

Allindustries -4.9 2.6 -11.9 -7.3 -13.2 -1.0
 Manufacturing -7.7 3.2 -18.0 -11.0 -19.7 -0.9
 Non-manufacturing -3.6 2.3 -9.1 -5.9 -10.6 -1.0

 

4.Ordinary profits (compared with the previous year)

(%)

 

FY 20081sthalf   FY 20082nd half   FY 2008FY 20091sthalf   FY 2009

2nd half   FY 2009

All industries -41.2 -15.3 -67.7 -10.7 -45.6 56.6
 Manufacturing -63.2 -16.2 -114.7 -27.2 -85.8 *
 Non-manufacturing -24.2 -14.6 -33.5 -6.2 -22.6 12.4
Note *:Can not be compared because of the negative figure in the previous year.

    

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

(%)

 

FY 20081sthalf   FY 20082nd half   FY 2008FY 20091sthalf   FY 2009

2nd half   FY 2009

Allindustries -10.3 -5.9 -14.1 -29.4 -27.7 -31.0
 Manufacturing -7.3 -0.1 -13.5 -37.9 -37.1 -38.8
 Non-manufacturing -12.7 -10.5 -14.6 -22.8 -19.9 -25.6

 

6.Employment

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

(%)

 

 

 Oct.-Dec.
2008
(previous)

Jan.-Mar.
2009
(present)

Apr.-Jun.
2009
(outlook)

Jul.-Sep.
2009
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 2.5 -11.2 -9.6 -3.2
 Manufacturing -9.6 -31.9 -22.5 -10.6
 Non-manufacturing 9.6 1.2 -1.9 1.2
Corporationswith capital of 100 million to 1 billion yen
Allindustries 4.8 -10.3 -7.5 -2.9
 Manufacturing -12.0 -37.4 -24.6 -12.7
 Non-manufacturing 10.0 -1.9 -2.2 0.1
Corporationswith capital of 10 to 100 million yen
Allindustries 2.4 -7.3 -6.9 -3.5
 Manufacturing -4.4 -28.3 -22.0 -12.1
 Non-manufacturing 3.8 -3.0 -3.8 -1.8