Tankan Outline (June 2017)
July 3, 2017
Bank of Japan
Research and Statistics Department
Manu- facturing |
Nonmanu- facturing |
Total | (Response rate) | |
---|---|---|---|---|
All Enterprises | 4,358 | 6,367 | 10,725 | ( 99.6%) |
of which Large Enterprises | 1,079 | 1,031 | 2,110 | ( 99.2%) |
Medium-sized Enterprises | 1,144 | 1,842 | 2,986 | ( 99.6%) |
Small Enterprises | 2,135 | 3,494 | 5,629 | ( 99.8%) |
[Responding Period: May 30 to June 30]
March 2017 Survey | June 2017 Survey | |
---|---|---|
FY2016 | 107.30 | 108.29 |
1H | 106.54 | 106.57 |
2H | 108.01 | 109.89 |
FY2017 | 108.43 | 108.31 |
1H | 108.45 | 108.36 |
2H | 108.42 | 108.27 |
March 2017 | June 2017 | Change between March and June |
Sept. 2017 (Forecast) |
Change between June and Sept. | |
---|---|---|---|---|---|
[Large Enterprises] | |||||
Manufacturing | ( 11) | ||||
12 | 17 | +5 | 15 | -2 | |
Nonmanufacturing | ( 16) | ||||
20 | 23 | +3 | 18 | -5 | |
[Medium-sized Enterprises] | |||||
Manufacturing | ( 4) | ||||
11 | 12 | +1 | 11 | -1 | |
Nonmanufacturing | ( 10) | ||||
17 | 18 | +1 | 12 | -6 | |
[Small Enterprises] | |||||
Manufacturing | ( 0) | ||||
5 | 7 | +2 | 6 | -1 | |
Nonmanufacturing | ( -1) | ||||
4 | 7 | +3 | 2 | -5 | |
[All Enterprises] | |||||
All industries | ( 4) | ||||
10 | 12 | +2 | 8 | -4 |
(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.
March 2017 | June 2017 | Change between March and June |
Sept. 2017 (Forecast) |
Change between June and Sept. | |
---|---|---|---|---|---|
Domestic Supply & Demand Conditions for Products and Services (Diffusion index of "Excess demand" minus "Excess supply") | |||||
Large Enterprises | -8 | -6 | +2 | -6 | 0 |
Small Enterprises | -19 | -18 | +1 | -19 | -1 |
Overseas Supply & Demand Conditions for Products (Diffusion index of "Excess demand" minus "Excess supply") | |||||
Large Enterprises | -4 | -2 | +2 | -1 | +1 |
Small Enterprises | -12 | -12 | 0 | -11 | +1 |
Inventory Level of Finished Goods & Merchandise (Diffusion index of "Excessive or somewhat excessive" minus "Insufficient or somewhat insufficient") | |||||
Large Enterprises | 8 | 8 | 0 | - | - |
Small Enterprises | 10 | 10 | 0 | - | - |
Wholesalers' Inventory Level (Diffusion index of "Excessive or somewhat excessive" minus "Insufficient or somewhat insufficient") | |||||
Large Enterprises | 8 | 7 | -1 | - | - |
Small Enterprises | 15 | 15 | 0 | - | - |
Change in Output Prices (Diffusion index of "Rise" minus "Fall") | |||||
Large Enterprises | -3 | -1 | +2 | -2 | -1 |
Small Enterprises | -4 | -4 | 0 | -3 | +1 |
Change in Input Prices (Diffusion index of "Rise" minus "Fall") | |||||
Large Enterprises | 16 | 13 | -3 | 13 | 0 |
Small Enterprises | 24 | 26 | +2 | 31 | +5 |
FY2016 | Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | -2.9 | +0.5 | 2.4 | +1.4 |
Nonmanufacturing | -3.8 | +1.3 | 2.6 | +2.5 |
[Medium-sized Enterprises] | ||||
Manufacturing | 0.1 | +0.3 | 2.8 | +0.7 |
Nonmanufacturing | 0.9 | +0.5 | 2.6 | +0.5 |
[Small Enterprises] | ||||
Manufacturing | -0.3 | +0.5 | 1.8 | +1.0 |
Nonmanufacturing | 0.8 | +1.3 | 0.2 | +1.5 |
[All Enterprises] | ||||
All industries | -1.5 | +0.9 | 2.0 | +1.5 |
(Note)Revision rates are calculated as the percentage change of the figures between the current and the previous survey.
FY2016 | Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | -0.5 | +12.4 | -3.3 | +8.9 |
Nonmanufacturing | 5.7 | +9.8 | -2.7 | +7.0 |
[Medium-sized Enterprises] | ||||
Manufacturing | 0.5 | +0.4 | -1.1 | -0.5 |
Nonmanufacturing | 9.2 | +6.3 | -5.9 | +0.4 |
[Small Enterprises] | ||||
Manufacturing | 16.4 | +6.5 | -3.4 | +1.9 |
Nonmanufacturing | 5.8 | +6.4 | -9.5 | +3.0 |
[All Enterprises] | ||||
All industries | 4.4 | +9.0 | -4.2 | +5.5 |
FY2016 | Changes | FY2017 (Forecast) |
Changes | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 7.33 | +0.78 | 6.92 | +0.48 |
Nonmanufacturing | 5.87 | +0.45 | 5.57 | +0.23 |
[Medium-sized Enterprises] | ||||
Manufacturing | 5.12 | +0.01 | 4.92 | -0.06 |
Nonmanufacturing | 3.55 | +0.19 | 3.26 | 0.00 |
[Small Enterprises] | ||||
Manufacturing | 4.60 | +0.26 | 4.37 | +0.04 |
Nonmanufacturing | 3.66 | +0.18 | 3.30 | +0.04 |
[All Enterprises] | ||||
All industries | 5.21 | +0.39 | 4.89 | +0.19 |
FY2016 | Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 4.3 | -1.8 | 15.4 | +7.6 |
Nonmanufacturing | -5.4 | -4.3 | 3.7 | +1.2 |
All industries | -2.1 | -3.4 | 8.0 | +3.6 |
[Medium-sized Enterprises] | ||||
Manufacturing | 6.3 | +7.7 | 10.8 | +2.5 |
Nonmanufacturing | -3.1 | +3.6 | 15.9 | +1.6 |
All industries | 0.2 | +5.1 | 14.0 | +1.9 |
[Small Enterprises] | ||||
Manufacturing | -6.7 | +3.0 | -8.1 | +6.0 |
Nonmanufacturing | 16.3 | +9.4 | -25.5 | +12.4 |
All industries | 8.8 | +7.5 | -20.6 | +10.2 |
[All Enterprises] | ||||
Manufacturing | 2.6 | +0.5 | 10.7 | +6.5 |
Nonmanufacturing | -0.7 | -0.2 | -1.2 | +3.1 |
All industries | 0.4 | 0.0 | 2.9 | +4.3 |
- Excludes software and R&D investment.
FY2016 | Revision rate |
FY2017 (Forecast) |
Revision rate | |
---|---|---|---|---|
[Large Enterprises] | ||||
Manufacturing | 0.7 | -2.2 | 8.5 | +2.9 |
Nonmanufacturing | -3.1 | -4.0 | 7.0 | +2.2 |
All industries | -1.0 | -3.0 | 7.8 | +2.6 |
[Medium-sized Enterprises] | ||||
Manufacturing | 8.8 | +8.2 | 12.1 | +4.3 |
Nonmanufacturing | -7.1 | +1.5 | 19.6 | +0.8 |
All industries | -1.0 | +4.3 | 16.4 | +2.2 |
[Small Enterprises] | ||||
Manufacturing | -7.4 | +1.5 | -2.1 | +4.5 |
Nonmanufacturing | 18.6 | +9.8 | -20.0 | +12.1 |
All industries | 8.7 | +7.0 | -14.2 | +9.2 |
[All Enterprises] | ||||
Manufacturing | 0.6 | -0.8 | 7.9 | +3.2 |
Nonmanufacturing | 0.0 | -0.7 | 3.4 | +3.4 |
All industries | 0.3 | -0.8 | 5.7 | +3.3 |
March 2017 | June 2017 | Change between March and June |
Sept. 2017 (Forecast) |
Change between June and Sept. | |
---|---|---|---|---|---|
Large Enterprises | 1 | -1 | -2 | 1 | +2 |
Medium-sized Enterprises | 2 | 1 | -1 | -1 | -2 |
Small Enterprises | 0 | -1 | -1 | -4 | -3 |
All Enterprises | 0 | 0 | 0 | -2 | -2 |
March 2017 | June 2017 | Change between March and June |
Sept. 2017 (Forecast) |
Change between June and Sept. | |
---|---|---|---|---|---|
Large Enterprises | -15 | -16 | -1 | -18 | -2 |
Medium-sized Enterprises | -26 | -25 | +1 | -29 | -4 |
Small Enterprises | -28 | -27 | +1 | -33 | -6 |
All Enterprises | -25 | -25 | 0 | -29 | -4 |
March 2017 | June 2017 | Change between March and June | |
---|---|---|---|
Large Enterprises | 24 | 25 | +1 |
Medium-sized Enterprises | 24 | 24 | 0 |
Small Enterprises | 9 | 11 | +2 |
All Enterprises | 16 | 17 | +1 |
March 2017 | June 2017 | Change between March and June | |
---|---|---|---|
Large Enterprises | 27 | 27 | 0 |
Medium-sized Enterprises | 28 | 28 | 0 |
Small Enterprises | 20 | 21 | +1 |
All Enterprises | 24 | 24 | 0 |
March 2017 | June 2017 | Change between March and June |
Sept. 2017 (Forecast) |
Change between June and Sept. | |
---|---|---|---|---|---|
Large Enterprises | -4 | -3 | +1 | 3 | +6 |
Medium-sized Enterprises | -9 | -6 | +3 | 2 | +8 |
Small Enterprises | -12 | -9 | +3 | 0 | +9 |
All Enterprises | -9 | -7 | +2 | 1 | +8 |
March 2017 | June 2017 | Change between March and June | |
---|---|---|---|
Large Enterprises | 40 | 46 | +6 |