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The 141st Business Conditions (July-September 2015)

Survey Procedures

  Number of companies surveyed Number of valid response companies Response rate (%)
Manufacturing 4,641 (24.5) 4,498 (24.6) 96.9
Construction 2,416 (12.7) 2,328 (12.7) 96.4
Wholesale trade 1,187 (6.3) 1,131 (6.2) 95.3
Retail trade 4,675 (24.7) 4,514 (24.7) 96.6
Services 6,031 (31.8) 5,831 (31.8) 96.7
Total 18,950 (100.0) 18,302 (100.0) 96.6

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

(1) Date of the survey:
As of September 1, 2015
(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 July-September period of 2015, the business conditions DI for all industries was minus 15.5 (up 3.2 points from minus 18.7 for the previous quarter), proving a decrease in the negative margin.

The business conditions DI for manufacturing was minus 12.8 (up 2.8 points from minus 15.6 for the previous quarter), indicating a decrease in the negative margin. The business conditions DI for non-manufacturing was minus 16.4 (up 3.2 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

The business conditions DI for manufacturing was minus 12.8 (up 2.8 points from minus 15.6 for the previous quarter), indicating a decrease in the negative margin.

To be specific for the 14 industries in manufacturing, the DI turned positive from a negative value for chemical and allied products; 4.2 (up 5.6 points from the previous quarter). The DI remained negative with the negative margin decreased for seven industries, including minus 17.5 (up 12.8 points from the previous quarter) for timbers and wood products, minus 18.4 (up 7.0 points from the previous quarter) for ceramic, stone and clay products, minus 22.7 (up 6.9 points from the previous quarter) for printing and minus 8.9 (up 2.7 points from the previous quarter) for food. The DI remained negative with the negative margin increased for six industries, including minus 12.4 (down 5.9 points from the previous quarter) for electricity / information and telecommunication equipment / electronic parts, minus 9.5 (down 4.0 points from the previous quarter) for machinery and equipment, minus 14.2 (down 3.1 points from the previous quarter) for metal products, and minus 14.3 (down 2.0 points from the previous quarter) for furniture and fixtures.

Changes in the business conditions DI of small and medium-sized enterprises by industry (1)
(From July-September, 2012 to July-September, 2015)

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 July-September, 2012 to July-September, 2015)

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

(3) Non-manufacturing

The business conditions DI for non-manufacturing was minus 16.4 (up 3.2 points from minus 19.6 for the previous quarter), showing a decrease in the negative margin.

To be specific for the industries, the DI remained negative with the negative margin decreased for four industries: minus 25.3 (up 4.4 points from the previous quarter) for retail trade, minus 8.2 (up 1.9 points from the previous quarter) for construction, minus 13.9 (up 1.7 points from the previous quarter) for services and minus 16.1 (up 0.6 points from the previous quarter) for wholesale trade.

Changes in the business conditions DI of small and medium-sized enterprises by industry
by industry
(From July-September, 2012 to July-september, 2015)

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

To be specific for the services sectors, the DI turned positive from a negative value for information and communications and advertising; 2.2 (up 3.7 points from the previous quarter). The DI remained negative with the negative margin decreased for four sectors, including minus 5.3 (up 14.7 points from the previous quarter) for services to business establishments including transportation and warehousing, minus 4.9 (up 9.1 points from the previous quarter) for accommodations, minus 16.8 (up 7.6 points from the previous quarter) for personal services including automobile maintenance services and others. Meanwhile, the DI remained negative with the negative margin increased for other sectors, including minus 21.8 (down 4.2 points from the previous quarter) for eating and drinking places, and minus 7.8 (down 1.2 points from the previous quarter) for services to business establishments including professional and technical services.

Changes in the business conditions DI of small and medium-sized enterprises engaged
in services industries by industry
(From July-September, 2012 to July-september, 2015)

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 13.0 (up 1.6 points from minus 14.6 for the previous quarter), indicating a decrease in the negative margin.

To be specific for the industries, the DI remained negative with the negative margin decreased for both manufacturing and non-manufacturing: minus 11.6 (up 0.4 points from minus 12.0 for the previous quarter) and minus 13.5 (up 2.0 points from minus 15.5 for the previous quarter) respectively.

 

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 (1)] 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 35.3 (down 5.2 points from 40.5 for the previous quarter), showing a decrease in the positive margin but still remaining at a high level.
The unit sales price/per-customer sales DI (same as above) was minus 9.5 (down 0.6 points from minus 8.9 for the previous quarter), and the profit (ordinary profit) DI (same as above) was minus 23.5 (down 0.2 points from minus 23.3 for the previous quarter), both indicating a slight increase in the negative margin.

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)

[Topics (2)] Changes in the excess or shortage of employees DI (by the current quarter level)

The excess or shortage of employees DI (“excess” minus “shortage” by the current quarter level) was minus 12.9 (down 1.7 points from minus 11.2 for the previous quarter), showing an increase in the negative margin for the first time in three quarters with a growing sense of shortage.

To be specific for the industries, the DI for retail trade was minus 7.0 (up 0.1 points from minus 7.1 for the previous quarter), showing a slight decrease in the negative margin, but the DI remained negative with the negative margin increased for four industries, including minus 21.3 (down 4.8 points from minus 16.5 for the previous quarter) for construction and minus 6.9 (down 4.4 points from minus 2.5 for the previous quarter) for wholesale trade.

Changes in the excess or shortage of employees DI by industry (current quarter level)

Changes in the excess or shortage of employees DI by industry (current quarter level)