Information Releases

January. 2024

Economic Trends Research, January 2024

The domestic economy worsened for the first time in four months
— The improvement trend stopped due to the Noto Peninsula earthquake, the warm winter, and the automaker's fraud —

Trend in January 2024: Improvement trend stopped

The economic diffusion index (DI) in January 2024 was 44.2, down 0.7 points from the previous month, showing the first deterioration in four months.
The improvement trend in the domestic economy stopped due to negative factors such as the impact of the Noto Peninsula earthquake, a slump in seasonal products caused by the warm winter, and the automaker's fraud.

Future outlook: Remain unchanged

The domestic economy is expected to remain unchanged, with a focus on continuing wage increases amid structural negative factors such as the so-called 2024 problem.

Primary points of survey results(summary)

1. 1 By industry: Worsened in 7 out of 10 industries. The warm winter and the automaker's fraud were negative factors.
2. 2 By scale: Worsened in all sizes for the first time in four months. There was a noticeable drop in personal consumption.
3. 3 By region: Worsened in 9 out of 10 regions due to the impact of the Noto Peninsula earthquake, as well as labor shortages and other problems.

Economic Trends Research, January 2024