Information Releases

Economic Trends Research, February 2024

The domestic economy has deteriorated for the second consecutive month
— While stock prices have reached all-time highs, the increase in cost-saving behavior has put downward pressure on personal consumption-related sectors —

Trend in February 2024: Slight deterioration

The economic diffusion index (DI) in February 2024 was 43.9, down 0.3 points from the previous month, marking a second consecutive month of deterioration.
The domestic economy has experienced a slight decline, despite the positive impact of the stock market and other financial markets. Factors such as the growing trend of cost-saving behavior among consumers and the production and shipment stoppage in the automotive industry have contributed to this deterioration.

Future outlook: Expected to recover gradually after summer

Looking ahead, the economy is expected to face downward pressure from concentrated negative factors, but it is anticipated to gradually recover, mainly driven by an increase in personal consumption resulting from wage hikes and other factors, starting from the summer.

Primary points of survey results(summary)

  1. 1 By industry: 6 industries and 32 business categories have deteriorated, with factors such as reduced buying behavior and stagnation in the manufacturing sector acting as negative factors.
  2. 2 By scale: All scales have seen a slight deterioration for the second consecutive month.
  3. 3 By region: Out of the 10 regions, 7 have deteriorated, with the ongoing impact of a mild winter and production stoppages.
Economic Trends Research, February 2024
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