April 2025
Economic Trends Research, April 2025
Rising caution towards Trump's tariffs suppressed the domestic economy
— Amid increasing uncertainty in the global economy,the economic climate is expected to remain weak —
Trend in April 2025: Weak domestic economy
The Economic Diffusion Index (DI) in April 2025 declined by 0.8 points from the previous month to 42.7, the first deterioration in two months and the lowest level since February 2023, which marked the final stage of the COVID-19 pandemic. The domestic economy was rapidly cooling due to the impact of "Trump’s tariffs" on corporate performance and stagnation in consumer spending due to future uncertainties.
Future outlook: Remain weak
Amid increasing uncertainty in the global economy, the domestic economy is expected to remain weak for the time being.
Primary points of survey results(summary)
- 1 By industry: Worsened in 9 out of 10 industries, with heightened caution towards Trump’s tariffs.
- 2 By scale: All scales worsened, with the decline in “large firms” and manufacturing industries having a ripple effect.
- 3 By region: Worsened in 9 out of 10 regions, with the regional economic sentiment being suppressed by the Trump shock.
Economic Trends Research, April 2025Economic and Industry Trends TOP