Information Releases

July. 2024

Economic Trends Research, July 2024

The domestic economy improved for the first time in four months
— Despite significant fluctuations in the financial market, the heatwave and inbound consumption contributed to the improvement —

Trend in July 2024: First improvement in four monthse

The economic diffusion index (DI) in July 2024 was 43.8, up 0.5 points from the previous month, showing the first improvement in four months.
The domestic economy shifted towards a positive direction, led by the effects of the heatwave and inbound consumption.

Future outlook: Remain unchanged

While the performance of companies that are showing signs of recovery will make a positive contribution, the economy is expected to remain relatively flat due to many uncertain factors.

Primary points of survey results(summary)

1. 1 By industry: Improvement in 7 out of 10 industries, with seasonal demand driven by the heatwave as a contributing factor.
2. 2 By scale: Improvement in all scales for the first time in four months, with “small to medium-sized firms” showing a broad and slight upward trend.
3. 3 By region: Improvement in 7 out of 10 regions, with inbound consumption and construction demand driving the improvement.

Economic Trends Research, July 2024