Information Releases

May. 2022

Economic Trends Research, May 2022

Recovery in indicators related to consumer spending due to increased numbers of people during consecutive national holidays
— Stagnated production and shipping in manufacturing due to lockdown in China and difficulty in parts procurement, etc. —

Overview of May 2022: Recovery trend continues

The economic diffusion index (DI) in May 2022 was 41.2, up. 0.4 points from the previous month, and improved for the third consecutive months. Although some factories affected by the overseas situation ceased operation, the domestic economy improved for three consecutive months, as indicated by consumer spending that continues to recover.

Future outlook: Mild upswing, while facing large downward risk

It is believed that the economy will continue a mild upswing trend, while facing many downside risks.

Primary points of survey results(summary)

1. 1 By industry: Improved in nine industries, albeit with continuing increases in unit purchase price due to the rising cost of raw materials and rapid depreciation of the yen.
2. 2 By size: Improved in all sizes for the first time in two months, with increased numbers of customers visiting stores.
3. 3 By region: Improved in nine of the ten regions, but the overseas situation affected regional economies.

Economic Trends Research, May 2022