Information Releases

Feb. 2021

Economic Trends Research, February 2021

Domestic economy turned positive for the first time in three months
— Consumer spending-related economy remained at a low level, and business confidence was viewed differently among business sectors —

Overview of February 2021: Downturn trends have bottomed out

The economic diffusion index (DI) in February 2021 was 35.8, up 1.9 points from the previous month for the first time in three months. The domestic economy turned positive for the first time in three months owing to expansion of production, etc., although things were viewed differently among business sectors.

Future outlook: Gradual upswing from spring onwards

The economy is expected to gradually improve from spring onwards, albeit with downward risk associated with the infection status.

Primary points of survey results(summary)

1. 1 By industry : The economy deteriorated in nine industries, and was pushed further downward by consumer spending-related aspects under the declaration of a state of emeThe economy picked up mainly in manufacturing, but continued to remain at a low level in services for individuals.
2. 2 By size : The economy turned positive in all sizes for the first time in three months, and was pushed up by household consumption.
3. 3 By region : The economy in all ten regions took an upturn for the first time in four months.

Economic Trends Research, February 2021