Business Outlook Survey
(January-March 2023)
March.13, 2023
1. Business conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Oct.-Dec. 2022 (previous) |
Jan.-Mar. 2023 (present) |
Apr.-Jun. 2023 (outlook) |
Jul.-Sep. 2023 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 0.7 | -3.0 | 0.7 | 5.2 | |
| Manufacturing | -3.6 | -10.5 | -0.7 | 6.0 | |
| Non-manufacturing | 2.7 | 0.6 | 1.4 | 4.8 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 4.7 | -4.8 | 3.1 | 6.1 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -6.0 | -17.4 | -3.1 | -1.2 | |
2. Domestic economic conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Oct.-Dec. 2022 (previous) |
Jan.-Mar. 2023 (present) |
Apr.-Jun. 2023 (outlook) |
Jul.-Sep. 2023 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 0.1 | -2.9 | 3.5 | 4.3 | |
| Manufacturing | -3.2 | -7.4 | 2.0 | 4.6 | |
| Non-manufacturing | 1.7 | -0.8 | 4.2 | 4.1 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | -1.8 | -8.7 | -1.0 | 4.3 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -15.0 | -18.7 | -9.0 | -4.8 | |
3. Employment
Business survey index
(Difference of "insufficient"-"excessive")
| (%points) | |||||
|
End of Dec. 2022 (previous) |
End of Mar. 2023 (present) |
End of Jun. 2023 (outlook) |
End of Sep. 2023 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 21.3 | 22.7 | 15.9 | 14.3 | |
| Manufacturing | 15.2 | 16.6 | 11.6 | 10.0 | |
| Non-manufacturing | 24.2 | 25.6 | 18.0 | 16.4 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 35.3 | 37.0 | 29.3 | 26.1 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 28.1 | 28.0 | 24.3 | 22.9 | |
4. Sales (compared with the previous year)
| (%) | ||||||
| FY 2022 | FY 2023 | |||||
|---|---|---|---|---|---|---|
| All industries | 6.5 | 2.6 | ||||
| Manufacturing | 7.7 | 3.6 | ||||
| Non-manufacturing | 6.0 | 2.3 | ||||
5. Ordinary profits (compared with the previous year)
| (%) | ||||||
| FY 2022 | FY 2023 | |||||
|---|---|---|---|---|---|---|
| All industries | 3.5 | -1.2 | ||||
| Manufacturing | 1.5 | -3.1 | ||||
| Non-manufacturing | 4.4 | -0.3 | ||||
6. Software and investment in plant and equipment (compared with the previous year)
| (%) | ||||||
| FY 2022 | FY 2023 | |||||
|---|---|---|---|---|---|---|
| All industries | 8.6 | 9.1 | ||||
| Manufacturing | 16.3 | 20.1 | ||||
| Non-manufacturing | 4.7 | 2.9 | ||||
Note: Excludes expense purchasing land.
Top of Page