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Policy Research Institute

 

Business Outlook Survey 

(January-March 2010)

 March  18 , 2010

1.Business conditions

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

(%)

 

 

 Oct.-Dec.
2009
(previous)

Jan.-Mar.
2010
(present)

 Apr.-Jun.
2010
(outlook)

 Jul.-Sep.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -1.9 -2.4 -1.6 6.8
 Manufacturing 13.2 4.3 1.9 10.3
 Non-manufacturing -10.7 -6.3 -3.7 4.8
Corporationswith capital of 100 million to 1 billion yen
Allindustries -15.1 -13.3 -6.1 0.9
 Manufacturing -1.6 -7.7 -4.2 4.0
 Non-manufacturing -19.4 -15.0 -6.7 -0.1
Corporationswith capital of 10 to 100 million yen
Allindustries -33.1 -31.8 -18.3 -10.5
 Manufacturing -30.3 -30.7 -11.4 -2.6
 Non-manufacturing -33.7 -32.1 -19.7 -12.2

 

2.Domestic economic conditions

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

(%)

 

 

 Oct.-Dec.
2009
(previous)

Jan.-Mar.
2010
(present)

 Apr.-Jun.
2010
(outlook)

 Jul.-Sep.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -8.8 -5.8 -1.3 5.6
 Manufacturing 6.1 1.6 4.1 8.1
 Non-manufacturing -17.7 -10.2 -4.5 4.2
Corporationswith capital of 100 million to 1 billion yen
Allindustries -24.4 -17.9 -8.9 -0.4
 Manufacturing -8.5 -11.5 -6.6 2.5
 Non-manufacturing -29.5 -20.0 -9.7 -1.3
Corporationswith capital of 10 to 100 million yen
Allindustries -46.0 -38.7 -21.2 -12.7
 Manufacturing -38.7 -30.9 -17.4 -9.1
 Non-manufacturing -47.5 -40.3 -22.0 -13.4

 

3.Sales(compared with the previous year)

(%)

 

 FY 2009

  1st half

   FY 2009

  2nd half

   FY 2009

 FY 2010

  1st half

   FY 2010

  2nd half

   FY 2010

Allindustries -11.2 -17.8 -4.0 1.9 3.0 0.8
 Manufacturing -13.1 -24.3 -0.1 4.2 6.6 2.0
 Non-manufacturing -10.3 -14.7 -5.7 1.0 1.7 0.4

 

4.Ordinary profits (compared with the previous year)

(%)

 

 FY 2009

  1st half

   FY 2009

  2nd half

   FY 2009

 FY 2010

  1st half

   FY 2010

  2nd half

   FY 2010

All industries -14.1 -46.1 57.9 32.3 48.2 21.5
 Manufacturing -20.6 -81.7 * 76.1 210.3 32.2
 Non-manufacturing -11.8 -20.7 -1.0 19.5 22.2 17.3
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

 FY 2010

  1st half

   FY 2010

  2nd half

   FY 2010

Allindustries -25.3 -28.1 -22.5 -5.5 2.4 -12.8
 Manufacturing -34.0 -37.0 -30.9 -0.3 2.1 -2.6
 Non-manufacturing -19.3 -21.6 -17.2 -8.1 2.6 -17.5

 

6.Employment

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

(%)

 

 

 Oct.-Dec.
2009
(previous)

Jan.-Mar.
2010
(present)

 Apr.-Jun.
2010
(outlook)

 Jul.-Sep.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -6.5 -4.2 -4.7 -1.9
 Manufacturing -13.1 -9.8 -8.4 -5.3
 Non-manufacturing -2.6 -1.0 -2.6 0.1
Corporationswith capital of 100 million to 1 billion yen
Allindustries -5.2 -2.7 -5.5 -2.6
 Manufacturing -16.5 -11.4 -13.4 -8.3
 Non-manufacturing -1.6 0.1 -3.0 -0.8
Corporationswith capital of 10 to 100 million yen
Allindustries -3.1 -2.5 -4.3 -2.0
 Manufacturing -12.0 -6.8 -6.6 -4.3
 Non-manufacturing -1.2 -1.6 -3.8 -1.6