Business Outlook Survey
(January-March 2024)
March.12, 2024
1. Business conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Oct.-Dec. 2023 (previous) |
Jan.-Mar. 2024 (present) |
Apr.-Jun. 2024 (outlook) |
Jul.-Sep. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 4.8 | -0.0 | 2.9 | 5.9 | |
| Manufacturing | 5.7 | -6.7 | 1.4 | 7.5 | |
| Non-manufacturing | 4.4 | 3.2 | 3.6 | 5.2 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 6.8 | 0.2 | 5.0 | 7.8 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -3.7 | -13.6 | -3.0 | 0.3 | |
2. Domestic economic conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Oct.-Dec. 2023 (previous) |
Jan.-Mar. 2024 (present) |
Apr.-Jun. 2024 (outlook) |
Jul.-Sep. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 7.4 | 8.0 | 7.4 | 5.8 | |
| Manufacturing | 5.0 | 1.9 | 4.7 | 5.3 | |
| Non-manufacturing | 8.5 | 10.9 | 8.7 | 6.0 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 5.2 | 6.8 | 8.8 | 7.9 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -5.8 | -4.9 | 0.8 | 1.8 | |
3. Employment
Business survey index
(Difference of "insufficient"-"excessive")
| (%points) | |||||
|
End of Dec. 2023 (previous) |
End of Mar. 2024 (present) |
End of Jun. 2024 (outlook) |
End of Sep. 2024 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 26.3 | 28.3 | 21.7 | 18.9 | |
| Manufacturing | 17.3 | 18.3 | 14.7 | 12.4 | |
| Non-manufacturing | 30.6 | 33.0 | 25.0 | 21.9 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 39.3 | 41.3 | 34.8 | 32.2 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 30.4 | 29.0 | 25.5 | 24.4 | |
4. Sales (compared with the previous year)
| (%) | ||||||
| FY 2023 | FY 2024 | |||||
|---|---|---|---|---|---|---|
| All industries | 2.6 | 2.1 | ||||
| Manufacturing | 2.8 | 1.7 | ||||
| Non-manufacturing | 2.6 | 2.2 | ||||
5. Ordinary profits (compared with the previous year)
| (%) | ||||||
| FY 2023 | FY 2024 | |||||
|---|---|---|---|---|---|---|
| All industries | 3.3 | -1.7 | ||||
| Manufacturing | -1.1 | -3.3 | ||||
| Non-manufacturing | 4.9 | -1.1 | ||||
6. Software and investment in plant and equipment (compared with the previous year)
| (%) | ||||||
| FY 2023 | FY 2024 | |||||
|---|---|---|---|---|---|---|
| All industries | 9.3 | 7.5 | ||||
| Manufacturing | 11.6 | 17.8 | ||||
| Non-manufacturing | 8.3 | 2.3 | ||||
Note: Excludes expense purchasing land.
Top of Page