Tankan Outline (March 2015)
April 1, 2015
Bank of Japan
Research and Statistics Department
Manu- facturing |
Nonmanu- facturing |
Total | (Response rate) |
|
---|---|---|---|---|
All Enterprises | 4,517 | 6,609 | 11,126 | ( 99.4%) |
of which Large Enterprises | 1,098 | 1,048 | 2,146 | ( 99.5%) |
Medium-sized Enterprises | 1,193 | 1,900 | 3,093 | ( 99.4%) |
Small Enterprises | 2,226 | 3,661 | 5,887 | ( 99.5%) |
[Responding Period: February 25 to March 31]
(Note) All figures are based on sample enterprises after the March 2015 revision.
Dec. 2014 Survey | March 2015 Survey | |
---|---|---|
FY2014 | 103.36 | 107.06 |
1H | 102.70 | 102.87 |
2H | 103.99 | 111.00 |
FY2015 | - | 111.81 |
1H | - | 111.54 |
2H | - | 112.07 |
Dec. 2014 | March 2015 | Change between Dec. and March |
June 2015 (Forecast) |
Change between March and June |
|
---|---|---|---|---|---|
[Large Enterprises] | |||||
Manufacturing | ( 9) | ||||
12 | 12 | 0 | 10 | -2 | |
Nonmanufacturing | ( 16) | ||||
17 | 19 | +2 | 17 | -2 | |
[Medium-sized Enterprises] | |||||
Manufacturing | ( 1) | ||||
7 | 4 | -3 | 3 | -1 | |
Nonmanufacturing | ( 7) | ||||
10 | 14 | +4 | 10 | -4 | |
[Small Enterprises] | |||||
Manufacturing | ( -3) | ||||
4 | 1 | -3 | 0 | -1 | |
Nonmanufacturing | ( -2) | ||||
1 | 3 | +2 | -1 | -4 | |
[All Enterprises] | |||||
All industries | ( 3) | ||||
6 | 7 | +1 | 5 | -2 |
(Notes)
- FY...fiscal year (April - March of the following year)
1H...first half (April - September)
2H...second half (October - March of the following year) - Figures in parentheses are forecasts made in the previous survey.
Dec. 2014 | March 2015 | Change between Dec. and March |
June 2015 (Forecast) |
Change between March and June |
|
---|---|---|---|---|---|
Domestic Supply & Demand Conditions for Products and Services (Diffusion index of "Excess demand" minus "Excess supply") | |||||
Large Enterprises | -12 | -12 | 0 | -12 | 0 |
Small Enterprises | -21 | -22 | -1 | -22 | 0 |
Overseas Supply & Demand Conditions for Products (Diffusion index of "Excess demand" minus "Excess supply") | |||||
Large Enterprises | -4 | -7 | -3 | -4 | +3 |
Small Enterprises | -9 | -11 | -2 | -11 | 0 |
Inventory Level of Finished Goods & Merchandise (Diffusion index of "Excessive or somewhat excessive" minus "Insufficient or somewhat insufficient") | |||||
Large Enterprises | 14 | 14 | 0 | - | - |
Small Enterprises | 14 | 14 | 0 | - | - |
Wholesalers' Inventory Level (Diffusion index of "Excessive or somewhat excessive" minus "Insufficient or somewhat insufficient") | |||||
Large Enterprises | 11 | 11 | 0 | - | - |
Small Enterprises | 17 | 17 | 0 | - | - |
Change in Output Prices (Diffusion index of "Rise" minus "Fall") | |||||
Large Enterprises | -4 | -6 | -2 | -5 | +1 |
Small Enterprises | -6 | -6 | 0 | -5 | +1 |
Change in Input Prices (Diffusion index of "Rise" minus "Fall") | |||||
Large Enterprises | 19 | 11 | -8 | 15 | +4 |
Small Enterprises | 40 | 33 | -7 | 38 | +5 |
FY2014 (Forecast) |
Revision rate |
FY2015 (Forecast) |
Revision rate |
|
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 1.2 | 0.0 | 0.6 | - |
Nonmanufacturing | 3.7 | +1.5 | 0.8 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 1.7 | +0.1 | 1.4 | - |
Nonmanufacturing | 0.0 | -0.5 | 1.2 | - |
[Small Enterprises] | ||||
Manufacturing | 1.6 | -0.1 | 1.0 | - |
Nonmanufacturing | -1.0 | 0.0 | -0.3 | - |
[All Enterprises] | ||||
All industries | 1.4 | +0.4 | 0.6 | - |
(Note)Revision rates are calculated as the percentage change of the figures between the current and the previous survey.
FY2014 (Forecast) |
Revision rate |
FY2015 (Forecast) |
Revision rate |
|
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 5.1 | +5.7 | 1.3 | - |
Nonmanufacturing | 3.5 | -0.1 | 0.0 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 4.4 | +3.4 | 1.6 | - |
Nonmanufacturing | -4.4 | +1.1 | 1.1 | - |
[Small Enterprises] | ||||
Manufacturing | 4.8 | +1.1 | 3.3 | - |
Nonmanufacturing | -5.7 | +0.8 | -1.3 | - |
[All Enterprises] | ||||
All industries | 1.9 | +2.2 | 0.6 | - |
FY2014 (Forecast) |
Changes | FY2015 (Forecast) |
Changes | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 6.96 | +0.37 | 7.01 | - |
Nonmanufacturing | 4.50 | -0.08 | 4.47 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 4.44 | +0.14 | 4.44 | - |
Nonmanufacturing | 2.90 | +0.04 | 2.90 | - |
[Small Enterprises] | ||||
Manufacturing | 3.68 | +0.04 | 3.77 | - |
Nonmanufacturing | 2.98 | +0.02 | 2.95 | - |
[All Enterprises] | ||||
All industries | 4.41 | +0.08 | 4.41 | - |
FY2014 (Forecast) |
Revision rate |
FY2015 (Forecast) |
Revision rate |
|
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 6.7 | -4.4 | 5.0 | - |
Nonmanufacturing | 8.8 | +1.5 | -4.1 | - |
All industries | 8.2 | -0.5 | -1.2 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 9.4 | -3.5 | 3.6 | - |
Nonmanufacturing | -1.5 | +4.3 | -5.6 | - |
All industries | 2.2 | +1.4 | -2.3 | - |
[Small Enterprises] | ||||
Manufacturing | 6.2 | +0.6 | -14.3 | - |
Nonmanufacturing | -11.1 | +7.2 | -24.5 | - |
All industries | -6.2 | +5.0 | -21.2 | - |
[All Enterprises] | ||||
Manufacturing | 7.1 | -3.4 | 1.3 | - |
Nonmanufacturing | 3.1 | +2.9 | -8.0 | - |
All industries | 4.4 | +0.7 | -5.0 | - |
- Excludes Software Investment.
FY2014 (Forecast) |
Revision rate |
FY2015 (Forecast) |
Revision rate |
|
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 7.4 | -4.5 | 4.7 | - |
Nonmanufacturing | 6.6 | +0.8 | -1.6 | - |
All industries | 6.8 | -1.1 | 0.6 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 9.2 | -4.0 | 6.2 | - |
Nonmanufacturing | 2.7 | +1.4 | -1.7 | - |
All industries | 4.9 | -0.6 | 1.1 | - |
[Small Enterprises] | ||||
Manufacturing | 8.3 | -0.3 | -11.0 | - |
Nonmanufacturing | -4.0 | +5.6 | -21.0 | - |
All industries | -0.2 | +3.5 | -17.6 | - |
[All Enterprises] | ||||
Manufacturing | 7.8 | -3.7 | 2.4 | - |
Nonmanufacturing | 4.1 | +1.7 | -4.9 | - |
All industries | 5.3 | -0.2 | -2.4 | - |
Dec. 2014 | March 2015 | Change between Dec. and March |
June 2015 (Forecast) |
Change between March and June |
|
---|---|---|---|---|---|
Large Enterprises | 4 | 3 | -1 | 3 | 0 |
Medium-sized Enterprises | 3 | 3 | 0 | 3 | 0 |
Small Enterprises | 2 | 1 | -1 | 1 | 0 |
All Enterprises | 3 | 2 | -1 | 1 | -1 |
Dec. 2014 | March 2015 | Change between Dec. and March |
June 2015 (Forecast) |
Change between March and June |
|
---|---|---|---|---|---|
Large Enterprises | -9 | -10 | -1 | -10 | 0 |
Medium-sized Enterprises | -15 | -17 | -2 | -18 | -1 |
Small Enterprises | -19 | -20 | -1 | -22 | -2 |
All Enterprises | -15 | -17 | -2 | -18 | -1 |
Dec. 2014 | March 2015 | Change between Dec. and March |
|
---|---|---|---|
Large Enterprises | 21 | 22 | +1 |
Medium-sized Enterprises | 17 | 17 | 0 |
Small Enterprises | 4 | 4 | 0 |
All Enterprises | 10 | 12 | +2 |
Dec. 2014 | March 2015 | Change between Dec. and March |
|
---|---|---|---|
Large Enterprises | 26 | 27 | +1 |
Medium-sized Enterprises | 22 | 23 | +1 |
Small Enterprises | 14 | 15 | +1 |
All Enterprises | 18 | 20 | +2 |
Dec. 2014 | March 2015 | Change between Dec. and March |
June 2015 (Forecast) |
Change between March and June |
|
---|---|---|---|---|---|
Large Enterprises | -12 | -11 | +1 | 1 | +12 |
Medium-sized Enterprises | -11 | -11 | 0 | 1 | +12 |
Small Enterprises | -11 | -11 | 0 | 1 | +12 |
All Enterprises | -10 | -11 | -1 | 1 | +12 |
Dec. 2014 | March 2015 | Change between Dec. and March |
|
---|---|---|---|
Large Enterprises | 30 | 28 | -2 |