Skip to Content

Business Outlook Survey

(January-March 2020)

Mar.12, 2020

1. Business conditions

Business survey index

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

 
(%points)
  Oct.-Dec.
2019
(previous)
 Jan.-Mar.
2020
(present)
 Apr.-Jun.
2020
(outlook)
 Jul.-Sep.
2020
(outlook)
Corporations with capital of 1 billion yen or over
 All industries-6.2-10.1-4.44.2
Manufacturing-7.8-17.2-5.56.1
Non-manufacturing-5.3-6.6-3.93.3
Corporations with capital of 100 million to 1 billion yen
 All industries-10.7-13.1-6.32.8
Corporations with capital of 10 to 100 million yen
 All industries-16.3-25.3-12.5-6.7

2. Domestic economic conditions

Business survey index

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

 
(%points)
  Oct.-Dec.
2019
(previous)
 Jan.-Mar.
2020
(present)
 Apr.-Jun.
2020
(outlook)
 Jul.-Sep.
2020
(outlook)
Corporations with capital of 1 billion yen or over
 All industries-14.6-20.9-5.05.7
Manufacturing-16.3-22.4-6.45.0
Non-manufacturing-13.7-20.2-4.36.0
Corporations with capital of 100 million to 1 billion yen
 All industries-21.7-25.5-9.21.4
Corporations with capital of 10 to 100 million yen
 All industries-25.6-38.2-22.7-10.8

3. Employment

Business survey index

(Difference of "insufficient"-"excessive")

 
(%points)
 End of Dec.
2019
(previous)
End of Mar.
2020
(present)
End of Jun.
2020
(outlook)
End of Sep.
2020
(outlook)
Corporations with capital of 1 billion yen or over
 All industries22.021.916.915.5
Manufacturing12.511.08.07.5
Non-manufacturing26.627.221.219.5
Corporations with capital of 100 million to 1 billion yen
 All industries33.031.725.022.6
Corporations with capital of 10 to 100 million yen
 All industries28.628.322.922.6

4. Sales (compared with the previous year)

 
(%)
 FY 2019FY 2020
All industries-0.51.0
Manufacturing-1.41.5
Non-manufacturing-0.20.8

5. Ordinary profits (compared with the previous year)

 
(%)
 FY 2019FY 2020
All industries-5.92.1
Manufacturing-9.83.9
Non-manufacturing-4.31.5

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

 
(%)
 FY 2019FY 2020
All industries4.5-1.5
Manufacturing0.94.3
Non-manufacturing6.7-4.8

Note: Excludes expense purchasing land.

 

Top of Page