Information Releases

May. 2021

Economic Trends Research, May 2021

Worsening for the first time in four months due to the state of emergency, etc
— The impact due to reducing people flow spreads to consumer spending and a wide range of related industries. —

Overview of May 2021: Upswing is paused

The economic diffusion index (DI) in May 2021 was 37.5, down 0.8 points from the previous month, and worsening for the first time in four months. Reducing people flow as a measure to prevent the spread of infection led to a deteriorated domestic economy for the first time in four months.

Future outlook: Temporary worsening but gradually upswing

Although the economy temporarily worsens, with many downside risks, it is believed it will gradually upswing.

Primary points of survey results(summary)

1. 1 By industry: The economy worsened in eight industries. Lacking materials and price increases in many industries were negative factors.
2. 2 By size: The economy worsened for the first time in four months in “large enterprises”, “small and medium-sized enterprises”, and small enterprises”.
3. 3 By region: The economy worsened in all ten regions. A “state of emergency”, etc., impacted a wider range of regions.

Economic Trends Research, May 2021