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Policy Research Institute

 

Business Outlook Survey 

(October-December 2009)

 Dec  24 , 2009

1.Business conditions

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

(%)

 

 

 Jul.-Sep.
2009
(previous)

Oct.-Dec.
2009
(present)

 Jan.-Mar.
2010
(outlook)

 Apr.-Jun.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 0.3* -1.9 -3.5 0.1
 Manufacturing 15.5 13.2 0.2 2.8
 Non-manufacturing -8.6 -10.7 -5.7 -1.5
Corporationswith capital of 100 million to 1 billion yen
Allindustries -15.7 -15.1 -14.7 -5.3
 Manufacturing 2.3 -1.6 -16.6 -4.4
 Non-manufacturing -21.5 -19.4 -14.1 -5.7
Corporationswith capital of 10 to 100 million yen
Allindustries -36.7 -33.1 -26.3 -13.9
 Manufacturing -37.1 -30.3 -25.3 -10.0
 Non-manufacturing -36.6 -33.7 -26.6 -14.7
* corrected

 

2.Domestic economic conditions

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

(%)

 

 

 Jul.-Sep.
2009
(previous)

Oct.-Dec.
2009
(present)

 Jan.-Mar.
2010
(outlook)

 Apr.-Jun.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries 0.7 -8.8 -9.1 0.7
 Manufacturing 16.8 6.1 -5.3 2.8
 Non-manufacturing -8.8 -17.7 -11.4 -0.6
Corporationswith capital of 100 million to 1 billion yen
Allindustries -18.2 -24.4 -20.0 -7.0
 Manufacturing -3.1 -8.5 -17.5 -1.8
 Non-manufacturing -23.1 -29.5 -20.8 -8.7
Corporationswith capital of 10 to 100 million yen
Allindustries -42.3 -46.0 -35.4 -19.7
 Manufacturing -35.4 -38.7 -30.2 -14.2
 Non-manufacturing -43.7 -47.5 -36.5 -20.9

 

3.Sales(compared with the previous year)

(%)

 

 FY 2009

  1st half

   FY 2009

  2nd half

   FY 2009

Allindustries -10.8 -17.6 -3.5
 Manufacturing -13.7 -24.4 -1.0
 Non-manufacturing -9.5 -14.4 -4.4

 

4.Ordinary profits (compared with the previous year)

(%)

 

 FY 2009

  1st half

   FY 2009

  2nd half

   FY 2009

All industries -16.0 -46.2 51.8
 Manufacturing -29.4 -81.1 *
 Non-manufacturing -11.2 -21.9 1.9
Note  *:Can not be compared because of the negative figure in the previous year.

   

5.Investment in plant andequipment (compared with the previous year)

(%)

 

 FY 2009

  1st half

   FY 2009

  2nd half

   FY 2009

Allindustries -23.5 -29.8 -17.3
 Manufacturing -32.8 -38.2 -27.1
 Non-manufacturing -17.4 -24.0 -11.3

 

6.Employment

Businesssurvey index
(Difference of "insufficient"-"excessive" )

(%)

 

 

 Jul.-Sep.
2009
(previous)

Oct.-Dec.
2009
(present)

Jan.-Mar.
2010
(outlook)

Apr.-Jun.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -9.6 -6.5 -4.8 -3.6
 Manufacturing -18.9 -13.1 -10.6 -6.6
 Non-manufacturing -4.3 -2.6 -1.4 -1.8
Corporationswith capital of 100 million to 1 billion yen
Allindustries -9.5 -5.2 -5.3 -4.2
 Manufacturing -22.8 -16.5 -18.0 -11.6
 Non-manufacturing -5.3 -1.6 -1.2 -1.9
Corporationswith capital of 10 to 100 million yen
Allindustries -8.2 -3.1 -4.0 -2.5
 Manufacturing -17.1 -12.0 -14.0 -7.0
 Non-manufacturing -6.3 -1.2 -1.9 -1.6