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Business Outlook Survey

(October-December 2019)

Dec.11, 2019

1. Business conditions

Business survey index

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

 
(%points)
  Jul.-Sep.
2019
(previous)
 Oct.-Dec.
2019
(present)
 Jan.-Mar.
2020
(outlook)
 Apr.-Jun.
2020
(outlook)
Corporations with capital of 1 billion yen or over
 All industries1.1-6.22.01.1
Manufacturing-0.2-7.80.71.0
Non-manufacturing1.8-5.32.61.1
Corporations with capital of 100 million to 1 billion yen
 All industries0.5-10.7-0.9-0.8
Corporations with capital of 10 to 100 million yen
 All industries-10.0-16.3-9.6-6.5

2. Domestic economic conditions

Business survey index

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

 
(%points)
  Jul.-Sep.
2019
(previous)
 Oct.-Dec.
2019
(present)
 Jan.-Mar.
2020
(outlook)
 Apr.-Jun.
2020
(outlook)
Corporations with capital of 1 billion yen or over
 All industries-1.6-14.6-1.02.2
Manufacturing-5.1-16.3-0.92.1
Non-manufacturing0.1-13.7-1.02.2
Corporations with capital of 100 million to 1 billion yen
 All industries-3.1-21.7-8.8-3.9
Corporations with capital of 10 to 100 million yen
 All industries-14.7-25.6-18.1-11.3

3. Employment

Business survey index

(Difference of "insufficient"-"excessive")

 
(%points)
 End of Sep.
2019
(previous)
End of Dec.
2019
(present)
End of Mar.
2020
(outlook)
End of Jun.
2020
(outlook)
Corporations with capital of 1 billion yen or over
 All industries21.422.019.815.1
Manufacturing13.112.511.07.9
Non-manufacturing25.426.624.018.6
Corporations with capital of 100 million to 1 billion yen
 All industries32.733.029.323.4
Corporations with capital of 10 to 100 million yen
 All industries29.428.626.222.5

4. Sales (compared with the previous year)

 
(%)
 FY 2019
All industries0.0
Manufacturing-0.7
Non-manufacturing0.3

5. Ordinary profits (compared with the previous year)

 
(%)
 FY 2019
All industries-6.3
Manufacturing-10.1
Non-manufacturing-4.7

6. Software and investment in plant and equipment (compared with the previous year)

 
(%)
 FY 2019
All industries7.8
Manufacturing6.9
Non-manufacturing8.2

Note: Excludes expense purchasing land.

 

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