Information Releases

Dec. 2019

Economic Trends Research, December 2019

Economic DI worsened for the third month in a row, with sluggish year-end demand
— Domestic economy has entered a recession phase, with manufacturing industry’s continuing downturn —

Overview of December 2019: Possibility of entering a recession phase: Possibility of entering a recession phase

The economic diffusion index (DI) in December 2019 was 42.5, down 1.1 points from the previous month, and worsened for the third consecutive month in a row. Domestic economy seems to have entered a recession phase, although there are some positive factors.

Future outlook: Moderate recession continues

With many causes of concern, such as the consumer spending trend and a global economic slowdown, uncertainty about the domestic economy has further intensified.

Primary points of survey results(summary)

1. 1 By industry : Nine of the ten industries deteriorated. Manufacturing industry deteriorated for the eighth month in a row.
2. 2 By size : All sizes deteriorated for the third month in a row. “Large enterprises” significantly deteriorated for the first time in five years and eight months.
3. 3 By region : There was deterioration in 36 prefectures in nine of the ten regions. Urban depression was noticeable.

Economic Trends Research,December 2019