site search

Ministry of Finance> Policy Research Institute> Statistics> Business Outlook Survey> April-June 2015

Business Outlook Survey

(April-June 2015)

Jun. 11, 2015

1. Business conditions

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

(%points)

		Jan.-Mar. 2015 (previous)	Apr.-Jun. 2015 (present)	Jul.-Sep. 2015 (outlook)	Oct.-Dec. 2015 (outlook)

Corporations with capital of 1 billion yen or over
	All industries	1.9	-1.2	10.6	8.9
	Manufacturing	2.4	-6.0	13.2	11.8
	Non-manufacturing	1.7	1.3	9.3	7.3
Corporations with capital of 100 million to 1 billion yen
	All industries	-2.2	-2.2	8.3	10.3
	Manufacturing	-8.4	-6.8	9.1	13.8
	Non-manufacturing	-0.3	-0.7	8.1	9.2
Corporations with capital of 10 to 100 million yen
	All industries	-14.8	-13.6	-5.1	0.6
	Manufacturing	-15.7	-10.0	-3.4	2.6
	Non-manufacturing	-14.7	-14.4	-5.4	0.1

2. Domestic economic conditions

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

(%points)

		Jan.-Mar. 2015 (previous)	Apr.-Jun. 2015 (present)	Jul.-Sep. 2015 (outlook)	Oct.-Dec. 2015 (outlook)

Corporations with capital of 1 billion yen or over
	All industries	8.7	9.8	11.4	9.8
	Manufacturing	8.3	5.3	10.2	8.8
	Non-manufacturing	8.9	12.2	12.1	10.4
Corporations with capital of 100 million to 1 billion yen
	All industries	1.0	9.3	10.8	10.7
	Manufacturing	-0.6	3.2	9.8	9.8
	Non-manufacturing	1.5	11.2	11.1	11.0
Corporations with capital of 10 to 100 million yen
	All industries	-12.4	-7.5	-4.5	-0.6
	Manufacturing	-9.1	-5.2	-7.1	-1.5
	Non-manufacturing	-13.1	-8.0	-4.0	-0.4

3. Employment

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

(%points)

		End of Mar. 2015 (previous)	End of Jun. 2015 (present)	End of Sep. 2015 (outlook)	End of Dec. 2015 (outlook)

Corporations with capital of 1 billion yen or over
	All industries	13.5	10.6	9.3	8.5
	Manufacturing	6.1	4.2	3.5	2.8
	Non-manufacturing	17.3	13.9	12.3	11.5
Corporations with capital of 100 million to 1 billion yen
	All industries	23.7	20.4	18.2	17.1
	Manufacturing	13.4	10.4	8.0	8.3
	Non-manufacturing	26.8	23.5	21.4	19.9
Corporations with capital of 10 to 100 million yen
	All industries	16.8	17.3	13.7	14.3
	Manufacturing	16.2	13.8	10.6	13.0
	Non-manufacturing	16.9	18.0	14.3	14.5

4. Sales (compared with the previous year)

(%)

FY 2015	1st half FY 2015	2nd half FY 2015
All industries	0.2	0.1	0.3
Manufacturing	1.3	0.6	1.9
Non-manufacturing	-0.2	-0.0	-0.4

FY 2015

1st half

FY 2015

2nd half

FY 2015

All industries

0.2

0.1

0.3

Manufacturing

1.3

0.6

1.9

Non-manufacturing

-0.2

-0.0

-0.4

5. Ordinary profits (compared with the previous year)

(%)

FY 2015	1st half FY 2015	2nd half FY 2015
All industries	1.9	-0.1	3.7
Manufacturing	3.4	0.7	6.0
Non-manufacturing	1.2	-0.4	2.6

FY 2015

1st half

FY 2015

2nd half

FY 2015

All industries

1.9

-0.1

3.7

Manufacturing

3.4

0.7

6.0

Non-manufacturing

1.2

-0.4

2.6

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

(%)

FY 2015	1st half FY 2015	2nd half FY 2015
All industries	5.9	17.5	-2.9
Manufacturing	15.7	33.3	2.3
Non-manufacturing	0.5	8.8	-5.8

FY 2015

1st half

FY 2015

2nd half

FY 2015

All industries

5.9

17.5

-2.9

Manufacturing

15.7

33.3

2.3

Non-manufacturing

0.5

8.8

-5.8

Note: Excludes expense purchasing land.

Feedback, Website Information(Notice, Privacy Policy)

Opinions expressed or implied in this website are solely those of the author,
and do not necessarily represent the views of the Policy Research Institute

Policy Research Institute, Ministry of Finance