Economic Trends Research, October 2020
Domestic economy slowly rallies from low level
— Risk of downturn due to pandemic remains large —
Overview of October 2020: Rallied
The economic diffusion index (DI) in October 2020 was 33.8, up (2.2 points) from the previous month, in the fifth consecutive month of increase. While remaining at a low level, the domestic economy has been slowly rallying, with production, shipments, and personal consumption all trending upward.
Future outlook: Slowly trending upward
The economy is expected to slowly trend upward amidst careful handling of the balance between preventing the spread of the novel coronavirus and resumption of economic activities.
Primary points of survey results(summary)
- 1 By industry : Business confidence was positive in nine industries, many of which showed a continued trend toward rallying.
- 2 By size : Business confidence has been positive among companies of all sizes for five consecutive months, with upward rebound after production and shipments hit bottom.
- 3 By region : Business confidence has been positive in all regions for five consecutive months, with upward rebound after production and shipments hit bottom.
Economic and Industry Trends TOP