Business Outlook Survey
(July-September 2023)
September.13, 2023
1. Business conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Apr.-Jun. 2023 (previous) |
Jul.-Sep. 2023 (present) |
Oct.-Dec. 2023 (outlook) |
Jan.-Mar. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 2.7 | 5.8 | 7.3 | 6.2 | |
| Manufacturing | -0.4 | 5.4 | 8.8 | 6.2 | |
| Non-manufacturing | 4.1 | 6.0 | 6.5 | 6.3 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 1.9 | 6.1 | 10.0 | 6.8 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -6.6 | -5.5 | 0.7 | -3.8 | |
2. Domestic economic conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Apr.-Jun. 2023 (previous) |
Jul.-Sep. 2023 (present) |
Oct.-Dec. 2023 (outlook) |
Jan.-Mar. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 15.2 | 13.3 | 8.1 | 6.1 | |
| Manufacturing | 8.7 | 10.8 | 6.4 | 6.1 | |
| Non-manufacturing | 18.3 | 14.5 | 8.9 | 6.1 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 13.9 | 10.9 | 8.5 | 4.8 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 4.7 | 0.5 | -1.4 | -4.2 | |
3. Employment
Business survey index
(Difference of "insufficient"-"excessive")
| (%points) | |||||
|
End of Jun. 2023 (previous) |
End of Sep. 2023 (present) |
End of Dec. 2023 (outlook) |
End of Mar. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 22.6 | 24.0 | 20.5 | 19.0 | |
| Manufacturing | 15.9 | 16.4 | 14.8 | 14.2 | |
| Non-manufacturing | 25.8 | 27.7 | 23.2 | 21.3 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 36.9 | 37.6 | 34.7 | 30.4 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 29.6 | 29.1 | 27.8 | 25.9 | |
4. Sales (compared with the previous year)
| (%) | ||||||
| FY 2023 | ||||||
|---|---|---|---|---|---|---|
| All industries | 2.7 | |||||
| Manufacturing | 3.2 | |||||
| Non-manufacturing | 2.4 | |||||
5. Ordinary profits (compared with the previous year)
| (%) | ||||||
| FY 2023 | ||||||
|---|---|---|---|---|---|---|
| All industries | -3.9 | |||||
| Manufacturing | -10.7 | |||||
| Non-manufacturing | -1.4 | |||||
6. Software and investment in plant and equipment (compared with the previous year)
| (%) | ||||||
| FY 2023 | ||||||
|---|---|---|---|---|---|---|
| All industries | 12.3 | |||||
| Manufacturing | 16.4 | |||||
| Non-manufacturing | 10.4 | |||||
Note: Excludes expense purchasing land.
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