Business Outlook Survey
(October-December 2023)
December.11, 2023
1. Business conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Jul.-Sep. 2023 (previous) |
Oct.-Dec. 2023 (present) |
Jan.-Mar. 2024 (outlook) |
Apr.-Jun. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 5.8 | 4.8 | 3.2 | 1.5 | |
| Manufacturing | 5.4 | 5.7 | 1.3 | 3.0 | |
| Non-manufacturing | 6.0 | 4.4 | 4.1 | 0.8 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 6.1 | 6.8 | 4.0 | 3.9 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -5.5 | -3.7 | -7.8 | -2.8 | |
2. Domestic economic conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Jul.-Sep. 2023 (previous) |
Oct.-Dec. 2023 (present) |
Jan.-Mar. 2024 (outlook) |
Apr.-Jun. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 13.3 | 7.4 | 4.2 | 3.7 | |
| Manufacturing | 10.8 | 5.0 | 2.6 | 2.8 | |
| Non-manufacturing | 14.5 | 8.5 | 4.9 | 4.2 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 10.9 | 5.2 | 0.8 | 3.2 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 0.5 | -5.8 | -11.2 | -6.8 | |
3. Employment
Business survey index
(Difference of "insufficient"-"excessive")
| (%points) | |||||
|
End of Sep. 2023 (previous) |
End of Dec. 2023 (present) |
End of Mar. 2024 (outlook) |
End of Jun. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 24.0 | 26.3 | 22.3 | 17.0 | |
| Manufacturing | 16.4 | 17.3 | 15.2 | 10.7 | |
| Non-manufacturing | 27.7 | 30.6 | 25.7 | 20.0 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 37.6 | 39.3 | 35.2 | 29.9 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 29.1 | 30.4 | 27.2 | 24.0 | |
4. Sales (compared with the previous year)
| (%) | ||||||
| FY 2023 | ||||||
|---|---|---|---|---|---|---|
| All industries | 2.5 | |||||
| Manufacturing | 2.8 | |||||
| Non-manufacturing | 2.3 | |||||
5. Ordinary profits (compared with the previous year)
| (%) | ||||||
| FY 2023 | ||||||
|---|---|---|---|---|---|---|
| All industries | -1.9 | |||||
| Manufacturing | -7.8 | |||||
| Non-manufacturing | 0.4 | |||||
6. Software and investment in plant and equipment (compared with the previous year)
| (%) | ||||||
| FY 2023 | ||||||
|---|---|---|---|---|---|---|
| All industries | 11.1 | |||||
| Manufacturing | 14.3 | |||||
| Non-manufacturing | 9.6 | |||||
Note: Excludes expense purchasing land.
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