Economic Trends Research, February 2023
Domestic economy at a standstill- insufficient price pass-through
— Amidst labor shortages and rising prices for daily necessities, gaps between regions widen —
Trends in February 2023: Standstill
The economic diffusion index (DI) in February 2023 was 42.1, the same as the previous month. The domestic economy remains at a standstill with insufficient progress in price pass-through and continued labor shortages.
Future outlook: Generally continued tendency to plateau
Although the outlook is bearish with many factors that could cause a downturn, the present forecast is a generally continued tendency to plateau.
Primary points of survey results(summary)
- 1 By industry: Improvement in 5 industries in spite of the harsh environment surrounding corporations, including a jump in purchase prices.
- 2 By size: Although “small and medium-sized corporations” saw an improvement for the first time in 3 months, price increases and high costs exerted downward pressure.
- 3 By region: Economic conditions worsened in 5 out of 10 regions, with the between-region gap widening to 7.6 points.
Economic and Industry Trends TOP