Tankan Outline (March 2017)
April 3, 2017
Bank of Japan
Research and Statistics Department
Manu- facturing |
Nonmanu- facturing |
Total | (Response rate) | |
---|---|---|---|---|
All Enterprises | 4,391 | 6,408 | 10,799 | ( 99.4%) |
of which Large Enterprises | 1,082 | 1,036 | 2,118 | ( 99.3%) |
Medium-sized Enterprises | 1,159 | 1,852 | 3,011 | ( 99.2%) |
Small Enterprises | 2,150 | 3,520 | 5,670 | ( 99.5%) |
[Responding Period: February 27 to March 31]
Dec. 2016 Survey | March 2017 Survey | |
---|---|---|
FY2016 | 104.90 | 107.30 |
1H | 106.52 | 106.54 |
2H | 103.36 | 108.01 |
FY2017 | - | 108.43 |
1H | - | 108.45 |
2H | - | 108.42 |
Dec. 2016 | March 2017 | Change between Dec. and March |
June 2017 (Forecast) |
Change between March and June | |
---|---|---|---|---|---|
[Large Enterprises] | |||||
Manufacturing | ( 8) | ||||
10 | 12 | +2 | 11 | -1 | |
Nonmanufacturing | ( 16) | ||||
18 | 20 | +2 | 16 | -4 | |
[Medium-sized Enterprises] | |||||
Manufacturing | ( 2) | ||||
6 | 11 | +5 | 4 | -7 | |
Nonmanufacturing | ( 9) | ||||
16 | 17 | +1 | 10 | -7 | |
[Small Enterprises] | |||||
Manufacturing | ( -4) | ||||
1 | 5 | +4 | 0 | -5 | |
Nonmanufacturing | ( -2) | ||||
2 | 4 | +2 | -1 | -5 | |
[All Enterprises] | |||||
All industries | ( 2) | ||||
7 | 10 | +3 | 4 | -6 |
(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. 2016 | March 2017 | Change between Dec. and March |
June 2017 (Forecast) |
Change between March and June | |
---|---|---|---|---|---|
Domestic Supply & Demand Conditions for Products and Services (Diffusion index of "Excess demand" minus "Excess supply") | |||||
Large Enterprises | -9 | -8 | +1 | -9 | -1 |
Small Enterprises | -24 | -19 | +5 | -22 | -3 |
Overseas Supply & Demand Conditions for Products (Diffusion index of "Excess demand" minus "Excess supply") | |||||
Large Enterprises | -6 | -4 | +2 | -3 | +1 |
Small Enterprises | -17 | -12 | +5 | -12 | 0 |
Inventory Level of Finished Goods & Merchandise (Diffusion index of "Excessive or somewhat excessive" minus "Insufficient or somewhat insufficient") | |||||
Large Enterprises | 11 | 8 | -3 | - | - |
Small Enterprises | 12 | 10 | -2 | - | - |
Wholesalers' Inventory Level (Diffusion index of "Excessive or somewhat excessive" minus "Insufficient or somewhat insufficient") | |||||
Large Enterprises | 11 | 8 | -3 | - | - |
Small Enterprises | 18 | 15 | -3 | - | - |
Change in Output Prices (Diffusion index of "Rise" minus "Fall") | |||||
Large Enterprises | -7 | -3 | +4 | -2 | +1 |
Small Enterprises | -8 | -4 | +4 | -3 | +1 |
Change in Input Prices (Diffusion index of "Rise" minus "Fall") | |||||
Large Enterprises | 3 | 16 | +13 | 16 | 0 |
Small Enterprises | 12 | 24 | +12 | 33 | +9 |
FY2016 (Forecast) |
Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | -3.4 | +0.3 | 1.4 | - |
Nonmanufacturing | -5.0 | -2.2 | 1.4 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | -0.2 | +0.2 | 2.4 | - |
Nonmanufacturing | 0.4 | -0.9 | 2.6 | - |
[Small Enterprises] | ||||
Manufacturing | -0.8 | 0.0 | 1.3 | - |
Nonmanufacturing | -0.5 | 0.0 | -0.1 | - |
[All Enterprises] | ||||
All industries | -2.4 | -0.7 | 1.3 | - |
(Note)Revision rates are calculated as the percentage change of the figures between the current and the previous survey.
FY2016 (Forecast) |
Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | -11.4 | +9.2 | -0.3 | - |
Nonmanufacturing | -3.7 | +1.3 | -0.1 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 0.1 | +5.7 | -0.2 | - |
Nonmanufacturing | 2.7 | +3.0 | -0.3 | - |
[Small Enterprises] | ||||
Manufacturing | 9.3 | +5.2 | 1.0 | - |
Nonmanufacturing | -0.6 | +3.7 | -6.5 | - |
[All Enterprises] | ||||
All industries | -4.1 | +4.4 | -1.1 | - |
FY2016 (Forecast) |
Changes | FY2017 (Forecast) |
Changes | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 6.55 | +0.53 | 6.44 | - |
Nonmanufacturing | 5.42 | +0.19 | 5.34 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 5.11 | +0.26 | 4.98 | - |
Nonmanufacturing | 3.36 | +0.13 | 3.26 | - |
[Small Enterprises] | ||||
Manufacturing | 4.34 | +0.21 | 4.33 | - |
Nonmanufacturing | 3.48 | +0.12 | 3.26 | - |
[All Enterprises] | ||||
All industries | 4.82 | +0.24 | 4.70 | - |
FY2016 (Forecast) |
Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 6.2 | -4.5 | 5.3 | - |
Nonmanufacturing | -1.1 | -3.5 | -2.0 | - |
All industries | 1.4 | -3.9 | 0.6 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | -1.3 | -3.6 | 16.5 | - |
Nonmanufacturing | -6.4 | -0.5 | 18.1 | - |
All industries | -4.6 | -1.7 | 17.5 | - |
[Small Enterprises] | ||||
Manufacturing | -9.4 | +2.0 | -10.6 | - |
Nonmanufacturing | 6.3 | +10.5 | -27.5 | - |
All industries | 1.1 | +7.8 | -22.6 | - |
[All Enterprises] | ||||
Manufacturing | 2.1 | -3.3 | 4.4 | - |
Nonmanufacturing | -0.5 | -0.4 | -4.4 | - |
All industries | 0.4 | -1.4 | -1.3 | - |
- Excludes Software and R&D Investment.
FY2016 (Forecast) |
Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 2.9 | -1.5 | 3.1 | - |
Nonmanufacturing | 1.0 | -3.4 | 0.5 | - |
All industries | 2.0 | -2.4 | 1.9 | - |
[Medium-sized Enterprises] | ||||
Manufacturing | 0.5 | -3.4 | 16.3 | - |
Nonmanufacturing | -8.5 | -1.5 | 20.4 | - |
All industries | -5.0 | -2.3 | 18.7 | - |
[Small Enterprises] | ||||
Manufacturing | -8.8 | +0.7 | -4.9 | - |
Nonmanufacturing | 8.1 | +6.5 | -21.7 | - |
All industries | 1.7 | +4.5 | -15.9 | - |
[All Enterprises] | ||||
Manufacturing | 1.5 | -1.5 | 3.7 | - |
Nonmanufacturing | 0.7 | -1.5 | -0.7 | - |
All industries | 1.1 | -1.5 | 1.5 | - |
Dec. 2016 | March 2017 | Change between Dec. and March |
June 2017 (Forecast) |
Change between March and June | |
---|---|---|---|---|---|
Large Enterprises | 1 | 1 | 0 | 1 | 0 |
Medium-sized Enterprises | 3 | 2 | -1 | -1 | -3 |
Small Enterprises | 2 | 0 | -2 | -3 | -3 |
All Enterprises | 2 | 0 | -2 | -1 | -1 |
Dec. 2016 | March 2017 | Change between Dec. and March |
June 2017 (Forecast) |
Change between March and June | |
---|---|---|---|---|---|
Large Enterprises | -13 | -15 | -2 | -15 | 0 |
Medium-sized Enterprises | -23 | -26 | -3 | -27 | -1 |
Small Enterprises | -24 | -28 | -4 | -30 | -2 |
All Enterprises | -21 | -25 | -4 | -26 | -1 |
Dec. 2016 | March 2017 | Change between Dec. and March | |
---|---|---|---|
Large Enterprises | 24 | 24 | 0 |
Medium-sized Enterprises | 22 | 24 | +2 |
Small Enterprises | 9 | 9 | 0 |
All Enterprises | 15 | 16 | +1 |
Dec. 2016 | March 2017 | Change between Dec. and March | |
---|---|---|---|
Large Enterprises | 27 | 27 | 0 |
Medium-sized Enterprises | 28 | 28 | 0 |
Small Enterprises | 21 | 20 | -1 |
All Enterprises | 24 | 24 | 0 |
Dec. 2016 | March 2017 | Change between Dec. and March |
June 2017 (Forecast) |
Change between March and June | |
---|---|---|---|---|---|
Large Enterprises | -11 | -4 | +7 | 4 | +8 |
Medium-sized Enterprises | -16 | -9 | +7 | 1 | +10 |
Small Enterprises | -16 | -12 | +4 | 0 | +12 |
All Enterprises | -15 | -9 | +6 | 2 | +11 |
Dec. 2016 | March 2017 | Change between Dec. and March | |
---|---|---|---|
Large Enterprises | 41 | 40 | -1 |