Economic Trends Research, August 2021
A spike in the number of infections put a crimp in the economy
— The effects of heavy rainfalls and prolonged rains also exerted downward pressure, with a significant drop related to consumer spending —
Overview of August 2021: Temporarily at a standstill
The economic diffusion index (DI) in August 2021 was 39.2, down 1.5 points from the previous month, and worsening for the first time in three months. Due to the surge in the number of infected people combined with the effects of record rainfalls, the domestic economy has temporarily come to a standstill.
Future outlook: After temporary stagnation, gradual recovery
The economy is expected to continue a gradual recovery, although it is temporarily stagnant due to the declaration of a state of emergency, etc.
Primary points of survey results(summary)
- 1 By industry: The economy worsened in nine of the ten industries. A significant drop was particularly evident in consumer spending-related businesses.
- 2 By size: The economy worsened in all sizes for the first time in three months. A worsening was prominent among food and beverage-related SMEs.
- 3 By region: All ten regions worsened for the first time in three months. The expanded and extended state of emergency had an impact.
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