Information Releases

Apr. 2021

Economic Trends Research, April 2021

Improvement mainly in the manufacturing industry for the third straight month
— Worsening in services targeting individuals due to the declaration of a state of emergency etc., and increasing polarization in business confidence. —

Overview of April 2021: Upswing

The economic diffusion index (DI) in April 2021 was 38.3, up 0.3 points from the previous month, and improved for the third straight month. Amid suppressed economic activities, the domestic economy improved for the third straight month, mainly in the manufacturing industry.

Future outlook: Moderate upswing trend

Although a temporary depression is seen, the economy is expected to improve at a moderate pace.

Primary points of survey results(summary)

1. 1 By industry : The economy in the manufacturing industry has been improving, but worsened in services targeting individuals.
2. 2 By size : The economy improved for the third straight month in “large enterprises” and “SMEs”, but worsened in “small enterprises”.
3. 3 By region : The economy improved in eight of the ten regions. “Semi-state of emergency coronavirus measures” affected business confidence in each region.

Economic Trends Research, April 2021