Information Releases

August. 2023

Economic Trends Research, August 2023

The economy worsened slightly as people’s flow and logistics stagnated due to typhoons
— Rising prices of energy such as gasoline hit consumer confidence —

Trend in August 2023: Worsening slightly

The economic diffusion index (DI) in August 2023 was 44.9, down 0.3 points from the previous month, showing the first deterioration in two months.
The economy slightly declined due to factors such as rising energy prices, including gasoline, and the stagnation of people’s flow and logistics caused by typhoons landfall.

Future outlook: Remain unchanged

Amid a mix of positive and negative factors, the domestic economy is expected to remain almost unchanged.

Primary points of survey results(summary)

1. 1 By industry: Downturn in 7 out of 10 industries. Unseasonable weather, including typhoons landfall, was a negative factor.
2. 2 By scale: “Large firms” and “small to medium-sized firms” worsened for the first time in two months. Polarization continues within each scale group.
3. 3 By region: Worsened in 7 out of 10 regions. Disruption of transportation infrastructure affected people’s flow and logistics.

Economic Trends Research, August 2023