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The 134th Business Conditions (October-December 2013)

Survey Procedures

  Number of companies surveyed Number of valid response companies Response rate (%)
Manufacturing 4,637 (24.5) 4,501 (24.6) 97.1
Construction 2,422 (12.8) 2,334 (12.7) 96.4
Wholesale trade 1,201 (6.3) 1,149 (6.3) 95.7
Retail trade 4,704 (24.8) 4,538 (24.8) 96.5
Services 5,994 (31.6) 5,801 (31.6) 96.8
Total 18,958 (100) 18,323 (100) 96.7

Note: Figures in parenthesis show the composition ratios (%)

(1) Date of the survey:
As of November 15, 2013
(2) Survey method:
Feedback given to management consultants belonging to the Commerce and Industry Association and Chamber of Commerce and Industry throughout the country, and to survey personnel of the Federation of Small Business Associations
(3) Companies surveyed:
The nationwide complement of small and medium-sized enterprises as defined in the Small and Medium-sized Enterprise Basic Act
(4) Others
・For every quarter from April to June, the data in previous years is replaced with seasonally-adjusted data.
・The most recent long-term time series data is displayed on the website of the Small and Medium Enterprise Agency as well as that of the Organization for Small and Medium Enterprises and Regional Innovation

Business conditions DI

(1) All industries

For the October-December period of 2013, the business conditions DI for all industries was minus 13.8 (up 4.9 points from minus 18.7 for the previous quarter), proving a decrease in the negative margin.

The business conditions DI for manufacturing was minus 6.7 (up 8.4 points from minus 15.1 for the previous quarter), indicating a decrease in the negative margin. The business conditions DI for non-manufacturing was minus 16.1 (up 3.5 points from minus 19.6 for the previous quarter), showing a decrease in the negative margin.

Changes in the business conditions DI of small and medium-sized enterprises

Changes in the business conditions DI of small and medium-sized enterprises

(2) Manufacturing industry

The business conditions DI for manufacturing was minus 6.7 (up 8.4 points from minus 15.1 for the previous quarter), indicating a decrease in the negative margin and marking the highest level ever.

To be specific for the 14 industries in manufacturing, the DI rose from a negative value to a positive value for six industries, including 2.0 (up 16.3 points from the previous quarter) for Iron and steel and non-ferrous metals, 0.3 (up 15.6 points from the previous quarter) for Transportation equipment, and 0.1 (up 15.3 points from the previous quarter) for Metal products. The DI remained negative with the negative margin decreased for six industries, including minus 2.3 (up 13.6 points from the previous quarter) for Electricity/information and telecommunication equipment/electronic parts, minus 15.0 (up 7.0 points from the previous quarter) for Food, and minus 4.8 (up 6.0 points from the previous quarter) for Pulp, paper and paper products. The DI remained negative with the negative margin increased for two industries: minus 5.5 (down 5.4 points from the previous quarter) for Chemical and allied products and minus 7.8 (down 0.2 points from the previous quarter) for Ceramic, stone and clay products.

Changes in the business conditions DI of small and medium-sized enterprises by industry (1)
(From October-December, 2010 to October-December, 2013)

Changes in the business conditions DI of small and medium-sized enterprises by industry (1)

Changes in the business conditions DI of small and medium-sized enterprises by industry (2)
(From October-December, 2010 to October-December, 2013)

Changes in the business conditions DI of small and medium-sized enterprises by industry (2)

(3) Non-manufacturing industries

The business conditions DI for non-manufacturing was minus 16.1 (up 3.5 points from minus 19.6 for the previous quarter), showing a decrease in the negative margin.

To be specific for industries, the DI became positive from a negative value for Construction: 1.3 (up 8.4 points from the previous quarter). The DI remained negative with the negative margin decreased for three industries: minus 25.7 (up 3.6 points from the previous quarter) for Retail trade, minus 11.6 (up 2.8 points from the previous quarter) for Wholesale trade, and minus 17.2 (up 1.0 points from the previous quarter) for Services.

Changes in the business conditions DI of small and medium-sized enterprises
by industry or trade
(From October-December, 2010 to October-December, 2013)

Changes in the business conditions DI of small and medium-sized enterprises by industry or trade

To be specific for sectors in Services, the DI rose from a negative value to a positive value for Information and communications and advertising: 1.7 (up 1.9 points from the previous quarter). The DI remained negative with the negative margin decreased for three sectors: minus 8.3 (up 13.0 points from the previous quarter) for Services to business establishments including transportation and warehousing, minus 16.0 (up 5.5 points from the previous quarter) for Personal services including automobile maintenance services and others, and minus 4.1 (up 4.7 points from the previous quarter) for Services to business establishments including professional and technical services. The DI remained negative with the negative margin increased for two sectors: minus 24.5 (down 2.3 points from the previous quarter) for Eating and drinking places and minus 12.9 (down 1.0 points from the previous quarter) for Accommodations.

Changes in the business conditions DI of small and medium-sized enterprises engaged
in services industries by industry
(From October-December, 2010 to October-December, 2013)

Changes in the business conditions DI of small and medium-sized enterprises engaged in services industries by industry

Changes in the business conditions DI of small and medium-sized enterprises by size of trade

Changes in the business conditions DI of small and medium-sized enterprises by size of trade

Financing DI

The financing DI for all industries was minus 14.1 (up 1.9 points from minus 16.0 for the previous quarter), indicating a decrease in the negative margin.

To be specific for industries, the DI remained negative with the negative margin decreased for both manufacturing and non-manufacturing: minus 12.0 (up 2.3 points from minus 14.3 for the previous quarter) and minus 14.8 (up 1.9 points from minus 16.7 for the previous quarter), respectively.

s 16.7 widening the negative gap.

 

Changes in the business conditions DI of small and medium-sized enterprises by size of trade

Changes in the business conditions DI of small and medium-sized enterprises by size of trade

[Topics] Trends in the materials/goods purchase unit prices DI, the unit sales price/per-customer sales DI, and the profit (ordinary profit) DI

For the current quarter, the materials/goods purchase unit prices DI ("rise" minus "fall" on a year-on-year basis) was 36.0 (up 2.1 points from 33.9 for the previous quarter), showing an increase in the positive margin for the fourth straight quarter. Meanwhile, the unit sales price/per-customer sales DI (same as above) was minus 14.9 (up 0.6 points from minus 15.5 for the previous quarter) and the profit (ordinary profit) DI (same as above) was minus 25.1 (up 1.3 points from minus 26.4 for the previous quarter), both showing a decrease in the negative margin. Under such circumstances, rises in materials prices, etc. due to a cheaper yen must be closely watched in the future.

The materials/goods purchase unit prices DI, the unit sales price/per-customer sales DI and the ordinary profit DI (on a year-on-year basis)

The materials/goods purchase unit prices DI, the unit sales price/per-customer sales DI and the ordinary profit DI (on a year-on-year basis)