Information Releases

August. 2024

Economic Trends Research, August 2024

The domestic economy improved for two consecutive months
— In addition to the tourism industry, manufacturing industries, including semiconductor-related businesses pushed up the economy —

Trend in August 2024: Improvement for two consecutive months

The economic diffusion index (DI) in August 2024 was 44.3, up 0.5 points from the previous month, marking the second consecutive month of improvement.
The domestic economy was boosted by the tourism industry and seasonal demand, lifting the overall business sentiment.

Future outlook: Steady growth

Although there are uncertain factors such as the international situation, there are also positive factors, including investments in IT-related businesses, which are expected to contribute to the steady progress of the economy.

Primary points of survey results(summary)

1. 1 By industry: Improvement in 7 industries with "manufacturing" as the main driver but impacted by factors such as typhoons and earthquakes.
2. 2 By scale: "Small to medium-sized firms" leading the way, with manufacturing and construction industries driving the growth.
3. 3 By region: Improvement in 9 out of 10 regions, with tourism-related businesses contributing positively, but hindered by adverse weather conditions.

Economic Trends Research, August 2024