May 2025
Economic Trends Research, May 2025
The negative effects of Trump's tariffs were gradually surfacing, leaving the domestic economy lacking strength
— Rising rice prices and overall inflation have led to sluggish consumer spending, with future prospects remaining weak —
Trend in May 2025: Deterioration
The Economic Diffusion Index (DI) in May 2025 declined by 0.1 points from the previous month to 42.6, marking its second consecutive month of decline.
While the consecutive national holidays provided some support, rising prices and concerns over "Trump's tariffs" weighed on the domestic economy, resulting in a lackluster performance.
Future outlook: Remain weak
The domestic economy is expected to remain weak for the time being amidst uncertainties in the global economy.
Primary points of survey results(summary)
- 1 By industry: Worsened in 5 out of 10 industries, while 4 industries improved, showing variations in economic sentiment.
- 2 By scale: “Large firms” showed improvement for the first time in three months, but “small to medium-sized firms” continued to struggle with sluggish conditions.
- 3 By region: While 5 regions showed improvement, 3 regions worsened, with regional development demands creating a clear divide.

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