Japan’s Small Business Conditions: Production Capacity

The following are the details of production capacity conditions at Japan’s small businesses 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          -7.6   -8.2    -5.6   -7.4   -9.8  -12.0  -14.0  -7.1
 Manufacturing          -8.9   -9.1    -6.4   -8.2  -10.4  -12.9  -14.9  -7.9
 Non-manufacturing       4.0    0.0     2.0    0.0   -4.0   -4.0   -6.0   0.7
 Textiles               -8.0   -8.0    -4.0   -8.0  -12.0   -6.0   -6.0  -6.7
 Wood products          -6.0   -8.0    -8.0   -2.0   -6.0  -10.0  -18.0  -6.0
 Printing               -6.0   -8.0    -6.0  -14.0   -6.0  -16.0  -12.0  -9.3
 Chemical              -12.0  -16.0    -8.0  -10.0   -6.0  -12.0  -16.0 -11.3
 Fabricated metals     -12.0  -10.0    -6.0   -4.0  -14.0  -10.0  -16.0  -6.7
 Iron & steel          -18.0  -18.0   -18.0  -20.0  -18.0  -20.0  -18.0 -18.7
===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================

 General machinery     -10.0   -6.0     0.0    2.0   -8.0  -12.0  -10.0  -1.3
 Electrical mach.      -16.0  -14.0    -6.0   -8.0   -6.0   -8.0   -8.0  -9.3
 Transport equipment     8.0    6.0    -2.0  -10.0  -18.0  -22.0  -30.0  -2.0
 Construction            n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Wholesale trade         n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Retail trade            n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Real estate             n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Truck transport         4.0    0.0     2.0    0.0   -4.0   -4.0   -6.0   0.7
 Services                n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
  Information, comm      n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
  Eating, accom          n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
  Other services         n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
                      ------------- Index Change vs. Prior Month---------------
All industries           0.6   -2.6     1.8    2.4    2.2    2.0   -0.6   n/a
 Manufacturing           0.2   -2.7     1.8    2.2    2.5    2.0   -0.9   n/a
===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================
 Non-manufacturing       4.0   -2.0     2.0    4.0    0.0    2.0    2.0   n/a

 Textiles                0.0   -4.0     4.0    4.0   -6.0    0.0    4.0   n/a
 Wood products           2.0    0.0    -6.0    4.0    4.0    8.0   -8.0   n/a
 Printing                2.0   -2.0     8.0   -8.0   10.0   -4.0   -2.0   n/a
 Chemical                4.0   -8.0     2.0   -4.0    6.0    4.0   -2.0   n/a
 Iron & steel           -2.0   -4.0    -2.0   10.0   -4.0    6.0    2.0   n/a
 Fabricated metals       0.0    0.0     2.0   -2.0    2.0   -2.0    2.0   n/a
 General machinery      -4.0   -6.0    -2.0   10.0    4.0   -2.0    4.0   n/a
 Electrical mach.       -2.0   -8.0     2.0   -2.0    2.0    0.0   -4.0   n/a
 Transport equipment     2.0    8.0     8.0    8.0    4.0    8.0   -4.0   n/a
 Construction            n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Wholesale trade         n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Retail trade            n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Real estate             n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
 Truck transport         4.0   -2.0     2.0    4.0    0.0    2.0    2.0   n/a
===============================================================================
                        Nov.   Oct.   Sept.   Aug.   July   June    May  3-mo
                        2011   2011    2011   2011   2011   2011   2011   Avg
                    Forecast   Actual
===============================================================================
 Services                n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
  Information, comm      n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a

  Eating, accom          n/a    n/a     n/a    n/a    n/a    n/a    n/a   n/a
  Other services         n/a    n/a     n/a    n/a    n/a    n/a    n/a   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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