Information Releases

October. 2024

Economic Trends Research, October 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 October 2024: Upward trend is paused

The Economic Diffusion Index (DI) in October 2024 declined by 0.3 points from the previous month to 44.3, deteriorating for the first time in four months.
The domestic economy showed signs of a slowdown due to increasing frugality and stagnant consumer spending.

Future outlook: Remains resilient despite downside risks

The economy is expected to remain resilient, although there are concerns about downside risks such as rising logistics costs and the situation in the Middle East.

Primary points of survey results(summary)

1. 1 By industry: Worsened in 6 out of 10 industries, weighed down by stagnant consumer spending and increasing labor costs.
2. 2 By scale: All scales worsened for the first time in six months, although the decline is slight.
3. 3 By region: Worsened in 8 out of 10 regions. The loss of seasonality affected regional economies as well.

Economic Trends Research, October 2024