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Ministry of Finance > Policy Research Institute > Statistics > Business Outlook Survey > April-June 2014

Business Outlook Survey

(April-June 2014)

Jun. 11, 2014

1. Business conditions

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

(%points)

		Jan.-Mar. 2014 (previous)	Apr.-Jun. 2014 (present)	Jul.-Sep. 2014 (outlook)	Oct.-Dec. 2014 (outlook)
						Corporations with capital of 1 billion yen or over							All industries	12.7	-14.6	13.4	10.3	Manufacturing	12.5	-13.9	16.0	13.9	Non-manufacturing	12.8	-15.0	12.1	8.3	Corporations with capital of 100 million to 1 billion yen							All industries	8.5	-19.5	9.2	12.2	Manufacturing	7.2	-16.4	9.9	12.5	Non-manufacturing	8.9	-20.5	9.1	12.0	Corporations with capital of 10 to 100 million yen							All industries	0.1	-21.5	-3.7	1.6	Manufacturing	2.9	-20.2	-4.4	4.6	Non-manufacturing	-0.5	-21.8	-3.6	1.0

2. Domestic economic conditions

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

(%points)

		Jan.-Mar. 2014 (previous)	Apr.-Jun. 2014 (present)	Jul.-Sep. 2014 (outlook)	Oct.-Dec. 2014 (outlook)
						Corporations with capital of 1 billion yen or over							All industries	29.2	-22.4	19.0	13.1	Manufacturing	25.1	-20.0	17.2	12.5	Non-manufacturing	31.4	-23.7	20.0	13.5	Corporations with capital of 100 million to 1 billion yen							All industries	30.2	-24.2	13.6	15.2	Manufacturing	26.1	-21.9	11.8	14.3	Non-manufacturing	31.5	-24.9	14.2	15.5	Corporations with capital of 10 to 100 million yen							All industries	20.3	-21.5	0.5	5.2	Manufacturing	18.4	-23.2	1.7	6.9	Non-manufacturing	20.7	-21.1	0.3	4.8

3. Employment

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

(%points)

		End of Mar. 2014 (previous)	End of Jun. 2014 (present)	End of Sep. 2014 (outlook)	End of Dec. 2014 (outlook)
						Corporations with capital of 1 billion yen or over							All industries	10.0	7.5	6.7	6.8	Manufacturing	2.4	1.2	0.9	1.6	Non-manufacturing	14.1	10.8	9.7	9.5	Corporations with capital of 100 million to 1 billion yen							All industries	17.4	19.9	15.4	15.5	Manufacturing	8.5	11.2	4.8	5.6	Non-manufacturing	20.1	22.5	18.5	18.5	Corporations with capital of 10 to 100 million yen							All industries	19.1	16.0	14.0	14.8	Manufacturing	16.6	12.6	9.5	10.6	Non-manufacturing	19.6	16.7	14.9	15.7

4. Sales (compared with the previous year)

(%)

FY 2014	1st half FY 2014	2nd half FY 2014
All industries	1.0	1.5	0.5
Manufacturing	2.2	2.7	1.7
Non-manufacturing	0.5	1.0	-0.0

FY 2014

1st half

FY 2014

2nd half

FY 2014

All industries

1.0

1.5

0.5

Manufacturing

2.2

2.7

1.7

Non-manufacturing

0.5

1.0

-0.0

5. Ordinary profits (compared with the previous year)

(%)

FY 2014	1st half FY 2014	2nd half FY 2014
All industries	-2.3	-7.2	2.4
Manufacturing	-0.4	-7.9	6.5	Non-manufacturing	-3.0	-7.0	0.6

FY 2014

1st half

FY 2014

2nd half

FY 2014

All industries

-2.3

-7.2

2.4

Manufacturing

-0.4

-7.9

6.5

Non-manufacturing

-3.0

-7.0

0.6

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

(%)

FY 2014	1st half FY 2014	2nd half FY 2014
All industries	4.5	14.9	-3.1
Manufacturing	10.8	25.3	-1.3
Non-manufacturing	1.5	9.2	-3.9

FY 2014

1st half

FY 2014

2nd half

FY 2014

All industries

4.5

14.9

-3.1

Manufacturing

10.8

25.3

-1.3

Non-manufacturing

1.5

9.2

-3.9

Note: Excludes expense purchasing land.

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