Information Releases

December. 2022

Economic Trends Research, December 2022

Domestic economy slows slightly for first time in five months
— Cost burden of energy and living expenses was negative contributor Effects of rises in real interest rates will be watched closely —

Trends in December 2022: Tendency toward improvement ends

The economic diffusion index (DI) in December 2022 was 43.0, down 0.1 point from the previous month, showing the first deterioration in five months. The domestic economy slowed for the first time in five months, owing in part to the increase in production costs and living expenses amidst the surge in the number of COVID-19 patients.

Future outlook: Economy will plateau

The domestic economy is expected to generally plateau, swayed by the effects of the rises in real interest rates and overseas economic conditions, etc.

Primary points of survey results(summary)

1. 1 By industry: Downturn in 6 industries, 33 business categories. Continued high raw material prices and the increase in COVID-19 cases were negative factors.
2. 2 By size: First across-the-board downturn in five months for businesses of all sizes, albeit mild.
3. 3 By region: Worsened in seven of the ten regions. Delay in price pass-through was compounded by inclement weather.

Economic Trends Research, December 2022