Economic Trends Research, December 2020
Domestic economy worsened for the first time in seven months
— Covid-19 resurgence holding down consumer spending —
Overview of December 2020: The tendency for a pick-up has stopped
The economic diffusion index (DI) in December 2020 was 35.0, down 0.4 points from the previous month, and worsening for the first time in seven months. The tendency for a pick-up in the domestic economy stopped due to the Covid-19 resurgence, etc.
Future outlook: Temporary setback
The economy is expected to experience a temporary setback. However, it is believed it will show a moderate upward trend after bottoming out around spring, although it depends on the Covid-19 infection status.
Primary points of survey results(summary)
- 1 By industry : Business confidence was negative in eight industries, such as “service,” “transportation and warehousing,” and “retail.”
- 2 By size : The economy deteriorated in all sizes for the first time in seven months.
- 3 By region : Of the ten regions, the economy deteriorated in eight. In particular, sightseeing- and consumption-related declines were prominent.
Economic and Industry Trends TOP