Information Releases

January 2025

Economic Trends Research, January 2025

Domestic economy worsened for the first time in three months
— The downturn in consumer spending was the biggest downward factor, with increased costs such as rising fuel prices also playing a role —

Trend in January 2025: Deterioration

The Economic Diffusion Index (DI) in January 2025 declined by 0.9 points from the previous month to 43.6, deteriorating for the first time in three months. The domestic economy suffered significant downward pressure from sluggish consumer spending, marking the largest decline in two years since January 2023, when the negative effects of a series of price increases were felt.

Future outlook: Remain unchanged

The economy is expected to remain flat going forward, despite various downside factors such as increased cost burdens on companies.

Primary points of survey results(summary)

1. 1 By industry: Worsened in 8 out of 10 industries, with sluggish consumption and rising fuel prices becoming negative factors.
2. 2 By scale: All scales worsened, with "micro firms" falling significantly.
3. 3 By region: Worsened in 9 out of 10 regions due to rising fuel prices and slump in the tourism industry.

Economic Trends Research, January 2025