The business survey index of large manufacturing firms in Japan posted at -3.6% in the fourth quarter of 2022, reversing from a 1.7% rise in the third quarter as elevated raw materials prices continued to pressure corporate margins, while global economic uncertainties weighed on sentiment. Latest data showed that producer prices in the country surged 9.3% in November 2022 from a year ago, slowing from a revised 9.4% gain in October but exceeding expectations for a slight slowdown to 8.9%. Meanwhile, renewed fears of a global recession clouded the outlook, with central banks in major economies set to tighten policy further. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen. source: Cabinet Office, Japan

Business Survey Index Large Manufacturing Firms in Japan averaged -1.27 percent from 2004 until 2022, reaching an all time high of 21.60 percent in the fourth quarter of 2020 and a record low of -66.00 percent in the first quarter of 2009. This page includes a chart with historical data for Japan Business Survey Index Large Manufacturing Firms. Japan Business Survey Index Large Manufacturing Firms - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Business Survey Index Large Manufacturing Firms in Japan is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Business Survey Index Large Manufacturing Firms



Calendar GMT Actual Previous Consensus TEForecast
2022-09-12 11:50 PM Q3 1.7% -9.9% -1.5%
2022-12-11 11:50 PM Q4 -3.6% 1.7% 1.2%
2023-03-12 11:50 PM Q1 -3.6% -2.5%


Related Last Previous Unit Reference
New Orders 952.82 955.13 JPY Billion Nov 2022
Machinery Orders -8.30 5.40 percent Nov 2022
Changes in Inventories 2766.80 2450.00 JPY Billion Sep 2022
Coincident Index 99.30 99.60 points Nov 2022
Economy Watchers Survey 47.90 48.10 points Dec 2022
Leading Economic Index 97.40 98.60 points Nov 2022
Business Survey Index Large Manufacturing Firms -3.60 1.70 percent Dec 2022
Economy Watchers Survey Outlook 47.00 45.10 points Dec 2022

Japan Business Survey Index Large Manufacturing Firms
The Business Outlook Survey is an analysis of the business leaders' assessments and forecasts of and for the economy in order to gain basic information for keeping track of economic trends. It covers about 15,000 companies that have established their headquarters or principal offices in Japan.
Actual Previous Highest Lowest Dates Unit Frequency
-3.60 1.70 21.60 -66.00 2004 - 2022 percent Quarterly
NSA

News Stream
Japan Business Mood Weakens in Q4
The business survey index of large manufacturing firms in Japan posted at -3.6% in the fourth quarter of 2022, reversing from a 1.7% rise in the third quarter as elevated raw materials prices continued to pressure corporate margins, while global economic uncertainties weighed on sentiment. Latest data showed that producer prices in the country surged 9.3% in November 2022 from a year ago, slowing from a revised 9.4% gain in October but exceeding expectations for a slight slowdown to 8.9%. Meanwhile, renewed fears of a global recession clouded the outlook, with central banks in major economies set to tighten policy further. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
2022-12-12
Japan Business Mood Improves in Q3
The business survey index of large manufacturing firms in Japan increased 1.7% in the third quarter of 2022, turning positive for the first time in three quarters as sharp declines in energy and other raw materials prices during the period helped ease tight corporate margins. Latest data showed producer prices in the country rose 9% in August 2022 from a year earlier, increasing at the same rate in July which was also the softest pace since December last year. Meanwhile, a weakening yen continued to pressure manufacturing firms by pushing up import costs, as Japan’s heavy reliance on foreign fuel and other commodities makes its economy vulnerable to currency volatility, as well as global supply issues and inflationary shocks. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
2022-09-13
Japan Business Mood Worsens in Q2
The business survey index of large manufacturing firms in Japan decreased 9.9% in the second quarter of 2022, deteriorating further after posting a 7.6% decline in the previous quarter, as high input costs continued to squeeze corporate margins. Latest data showed producer prices in the country jumped 9.1% in May from a year ago, slowing from the previous month but remaining near record highs as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials. Japan’s heavy reliance on imports for fuel and other commodities makes its economy vulnerable to global supply issues and inflationary shocks. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
2022-06-13