Information Releases

May 2020

Economic Trends Research, May 2020

Decline in production activities continued in domestic economy
— Rapid economic contraction has come to a halt, but global economic outlook is a cause for concern —

Overview of May 2020: Contraction

The economic diffusion index (DI) in May 2020 was 25.2, down 0.6 points from the previous month, worsening for the eighth consecutive month. Rapid contraction of the domestic economy came to a halt, but production activities continued to decline.

Future outlook: Moderate recession continues

The recessionary trend is expected to temporarily stop, while there are domestic and foreign matters of concern.

Primary points of survey results(summary)

1. 1 By industry : Five of the ten industries deteriorated. Lowest-ever economic DI was recorded in seven business categories.
2. 2 By size : Decline in all sizes for the eighth consecutive month, while creating new demands.
3. 3 By region : Nine of the ten regions, and 33 prefectures deteriorated, with the impact of reduced movement of people and goods.

Economic Trends Research, May 2020