Japan’s October Small Business Conditions: Input Price

The following are the input price details for small business conditions from the Shoko Chukin Bank in Tokyo.

===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================
                      -----------------Diffusion Index ---------------------
All industries          10.3   10.4     9.1   13.3   12.9   13.1   20.1  10.9
 Manufacturing          14.2   14.0    13.3   15.1   18.7   20.0   23.1  14.1
 Non-manufacturing       7.1    7.5     5.6   11.8    8.2    7.5   17.6   8.3
 Textiles               16.0   14.0    12.0   12.0   12.0   12.0   18.0  12.7
 Wood products          18.0   16.0    12.0   28.0   32.0   48.0   56.0  18.7
 Printing               40.0   36.0    32.0   26.0   22.0   24.0   18.0  31.3
 Chemical                0.0   12.0    14.0   22.0   20.0   30.0   28.0  16.0
 Iron & steel           10.0   16.0    16.0    8.0   20.0    6.0    8.0  13.3
 Fabricated metals      10.0    6.0    10.0   10.0   24.0   18.0   26.0   8.7
===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================

 General machinery      10.0    8.0     8.0   16.0   10.0   12.0   20.0  10.7
 Electrical mach.        6.0    6.0     6.0    2.0    8.0    8.0   12.0   4.7
 Transport equipment    18.0   12.0    10.0   12.0   20.0   22.0   22.0  11.3
 Construction            8.0   10.0    10.0   12.0   18.0   10.0   38.0  10.7
 Wholesale trade         7.0   11.0     8.0   11.0    3.0   12.0   17.0  10.0
 Retail trade            6.0    3.0    10.0   23.0   14.0    9.0   20.0  12.0
 Real estate            10.0    8.0    10.0    8.0   10.0   10.0    0.0   8.7
 Truck transport        -6.0  -10.0   -12.0   14.0    0.0   -6.0   38.0  -2.7
 Services               10.0   11.5     4.5    7.0    7.0    6.5   11.0   7.7
  Information, comm      0.0    0.0    -2.0    2.0    0.0    2.0    0.0   0.0
  Eating, accom         28.0   26.0    12.0   16.0   16.0   14.0   26.0  18.0
  Other services         6.0   10.0     4.0    5.0    6.0    5.0    9.0   6.3
                      ------------- Index Change vs. Prior Month---------------
All industries          -0.1    1.3    -4.2    0.4   -0.2   -7.0   -3.3   n/a
 Manufacturing           0.2    0.7    -1.8   -3.6   -1.3   -3.1   -1.6   n/a
===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================
 Non-manufacturing      -0.4    1.9    -6.2    3.6    0.7  -10.1   -4.8   n/a

 Textiles                2.0    2.0     0.0    0.0    0.0   -6.0   -8.0   n/a
 Wood products           2.0    4.0   -16.0   -4.0  -16.0   -8.0    6.0   n/a
 Printing                4.0    4.0     6.0    4.0   -2.0    6.0   -4.0   n/a
 Chemical              -12.0   -2.0    -8.0    2.0  -10.0    2.0   -8.0   n/a
 Iron & steel           -6.0    0.0     8.0  -12.0   14.0   -2.0  -16.0   n/a
 Fabricated metals       4.0   -4.0     0.0  -14.0    6.0   -8.0    0.0   n/a
 General machinery       2.0    0.0    -8.0    6.0   -2.0   -8.0    6.0   n/a
 Electrical mach.        0.0    0.0     4.0   -6.0    0.0   -4.0    4.0   n/a
 Transport equipment     6.0    2.0    -2.0   -8.0   -2.0    0.0    6.0   n/a
 Construction           -2.0    0.0    -2.0   -6.0    8.0  -28.0    0.0   n/a
 Wholesale trade        -4.0    3.0    -3.0    8.0   -9.0   -5.0  -14.0   n/a
 Retail trade            3.0   -7.0   -13.0    9.0    5.0  -11.0   -7.0   n/a
 Real estate             2.0   -2.0     2.0   -2.0    0.0   10.0    2.0   n/a
 Truck transport         4.0    2.0   -26.0   14.0    6.0  -44.0   -6.0   n/a
===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================
 Services               -1.5    7.0    -2.5    0.0    0.5   -4.5   -1.5   n/a
  Information, comm      0.0    2.0    -4.0    2.0   -2.0    2.0   -2.0   n/a

  Eating, accom          2.0   14.0    -4.0    0.0    2.0  -12.0    4.0   n/a
  Other services        -4.0    6.0    -1.0   -1.0    1.0   -4.0   -4.0   n/a
===============================================================================

NOTE: Survey sample comprises about 1000 small and medium-sized businesses. NOTE1: 3 month moving averages do not include forecast or estimates NOTE2: Diffusion Index shows "Favorable" minus "Unfavorable", % points

SOURCE: The Shoko Chukin Bank. http://www.shokochukin.go.jp/

To contact the reporter on this story: Theresa Barraclough in Tokyo at tbarraclough@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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