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Policy Research Institute

 

Business Outlook Survey 

(April-June 2013)

 Jun. 11, 2013

1. Business conditions

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

(%points)

 

 Jan.-Mar.
2013
(previous)

 Apr.-Jun.
2013
(present)

 Jul.-Sep.
2013
(outlook)

 Oct.-Dec.
2013
(outlook)

Corporations with capital of 1 billion yen or over
  All industries 1.0 5.9 14.0 11.5
 Manufacturing -4.6 5.0 16.6 15.8
 Non-manufacturing 4.0 6.4 12.7 9.1
Corporations with capital of 100 million to 1 billion yen
  All industries -7.5 1.0 10.0 9.7
 Manufacturing -20.6 1.1 8.0 11.0
 Non-manufacturing -3.6 1.0 10.6 9.4
Corporations with capital of 10 to 100 million yen
  All industries -18.0 -11.3 0.1 1.1
 Manufacturing -28.4 -12.9 -0.9 7.0
 Non-manufacturing -15.8 -11.0 0.4 -0.1

 

2. Domestic economic conditions

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

(%points)

 

 Jan.-Mar.
2013
(previous)

 Apr.-Jun.
2013
(present)

 Jul.-Sep.
2013
(outlook)

 Oct.-Dec.
2013
(outlook)

Corporations with capital of 1 billion yen or over
  All industries 17.9 33.0 24.6 15.7
 Manufacturing 11.3 29.0 21.9 15.2
 Non-manufacturing 21.5 35.1 26.0 15.9
Corporations with capital of 100 million to 1 billion yen
  All industries 9.6 31.0 25.2 19.2
 Manufacturing -1.0 26.5 22.4 19.0
 Non-manufacturing 12.8 32.3 26.1 19.3
Corporations with capital of 10 to 100 million yen
  All industries -2.7 9.8 11.3 7.8
 Manufacturing -10.0 3.4 11.2 8.7
 Non-manufacturing -1.2 11.0 11.3 7.6

 

3. Employment

Business survey index
(Difference of "insufficient"-"excessive" )

(%points)

 

End of Mar.
2013
(previous)

End of Jun.
2013
(present)

End of Sep.
2013
(outlook)

End of Dec.
2013
(outlook)

Corporations with capital of 1 billion yen or over
  All industries 4.0 3.4 3.1 4.1
 Manufacturing -5.8 -5.0 -2.7 -1.2
 Non-manufacturing 9.3 7.8 6.1 6.9
Corporations with capital of 100 million to 1 billion yen
  All industries 11.8 9.1 7.5 6.9
 Manufacturing -0.4 -2.3 -2.1 0.4
 Non-manufacturing 15.5 12.6 10.4 8.9
Corporations with capital of 10 to 100 million yen
  All industries 10.5 8.4 7.9 7.0
 Manufacturing -0.1 0.3 1.9 4.5
 Non-manufacturing 12.7 10.0 9.2 7.6

 

4. Sales (compared with the previous year)

(%)

 

  FY 2013

  1st half

   FY 2013

  2nd half

   FY 2013

All industries 2.6 1.6 3.5
 Manufacturing 3.6 1.0 6.2
 Non-manufacturing 2.1 1.9 2.3

          

   

5. Ordinary profits (compared with the previous year)

(%)

 

  FY 2013

  1st half

   FY 2013

  2nd half

   FY 2013

All industries 9.1 6.8 11.1
 Manufacturing 18.8 15.6 21.4
 Non-manufacturing 5.0 3.4 6.5

          

   

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

(%)

 

  FY 2013

  1st half

   FY 2013

  2nd half

   FY 2013

All industries 7.2 17.5 -1.0
 Manufacturing 5.8 9.9 2.2
 Non-manufacturing 8.1 22.4 -2.7
Note:  Excludes expense purchasing land.