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Policy Research Institute

 

Business Outlook Survey 

(October-December 2010)

 Dec. 10, 2010

1. Business conditions

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

(%points)

 

 

 Jul.-Sep.
2010
(previous)

 Oct.-Dec.
2010
(present)

 Jan.-Mar.
2011
(outlook)

 Apr.-Jun.
2011
(outlook)

Corporationswith capital of 1 billion yen or over
  Allindustries 7.1 -5.0 -0.9 0.8
 Manufacturing 13.3 -8.0 -0.2 2.2
 Non-manufacturing 3.8 -3.4 -1.2 0.1
Corporationswith capital of 100 million to 1 billion yen
  Allindustries -1.8 -8.6 -6.6 -2.1
 Manufacturing 2.0 -7.1 -12.6 1.8
 Non-manufacturing -2.9 -9.1 -4.7 -3.2
Corporationswith capital of 10 to 100 million yen
  Allindustries -21.4 -18.4 -18.9 -13.5
 Manufacturing -13.5 -10.0 -23.4 -8.1
 Non-manufacturing -23.0 -20.1 -18.0 -14.6

 

2. Domestic economic conditions

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

(%points)

 

 

 Jul.-Sep.
2010
(previous)

 Oct.-Dec.
2010
(present)

 Jan.-Mar.
2011
(outlook)

 Apr.-Jun.
2011
(outlook)

Corporationswith capital of 1 billion yen or over
  Allindustries 5.2 -12.1 -6.3 1.2
 Manufacturing 11.9 -13.9 -5.8 2.5
 Non-manufacturing 1.6 -11.2 -6.6 0.5
Corporationswith capital of 100 million to 1 billion yen
  Allindustries 0.5 -17.3 -13.8 -4.0
 Manufacturing 4.8 -15.4 -13.7 0.4
 Non-manufacturing -0.9 -17.9 -13.8 -5.4
Corporationswith capital of 10 to 100 million yen
  Allindustries -24.6 -30.5 -30.2 -18.1
 Manufacturing -11.8 -25.2 -28.4 -13.1
 Non-manufacturing -27.1 -31.5 -30.5 -19.1

 

3. Sales (compared with the previous year)

(%)

 

 

 FY 2010

  1st half

   FY 2010

  2nd half

   FY 2010

Allindustries 3.5 6.5 0.8
 Manufacturing 6.4 12.3 1.2
 Non-manufacturing 2.4 4.3 0.7

 

4. Ordinary profits (compared with the previous year)

(%)

 

 

 FY 2010

  1st half

   FY 2010

  2nd half

   FY 2010

All industries 29.7 63.1 5.7
 Manufacturing 55.2 256.6 -9.3
 Non-manufacturing 20.8 28.8 13.4

   

5. Software and investment in plant and equipment (compared with the previous year)

(%)

 

 

 FY 2010

  1st half

   FY 2010

  2nd half

   FY 2010

Allindustries 9.5 2.4 16.0
 Manufacturing 12.7 2.1 23.2
 Non-manufacturing 7.8 2.6 12.4
Note:  Excludes expense purchasing land.

6. Employment

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

(%points)

 

 

End of Sep.
2010
(previous)

End of Dec.
2010
(present)

End of Mar.
2011
(outlook)

End of Jun.
2011
(outlook)

Corporationswith capital of 1 billion yen or over
  Allindustries 0.3 0.5 -0.3 -0.2
 Manufacturing -1.4 -3.3 -4.3 -2.2
 Non-manufacturing 1.3 2.5 1.8 0.9
Corporationswith capital of 100 million to 1 billion yen
  Allindustries 0.6 1.6 -0.9 -1.9
 Manufacturing -2.7 -5.3 -8.6 -5.2
 Non-manufacturing 1.5 3.7 1.5 -0.9
Corporationswith capital of 10 to 100 million yen
  Allindustries -1.7 2.3 -2.0 -3.2
 Manufacturing -3.1 2.2 -6.4 -3.1
 Non-manufacturing -1.4 2.3 -1.1 -3.2