Information Releases

December. 2024

Economic Trends Research, December 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 December 2024: Standstill

The economic diffusion index (DI) in December 2024 increased by 0.1 points from the previous month to 44.5. Despite marking an improvement for two consecutive months, the growth was meager. Although year-end demand was a positive factor, the market remained at a standstill, with only slight improvement, as higher fuel prices were a downside factor.

Future outlook: Remain unchanged

The economy is expected to remain flat going forward, with the focus on continued growth in real wages.

Primary points of survey results(summary)

1. 1 By industry: Both improvements and deteriorations were observed in 5 industries respectively, leading to a division in business sentiment across these industries.
2. 2 By scale: "Large firms" showed improvements for the first time in three months, while "micro firms" experienced a downturn.
3. 3 By region: Worsened in 7 out of 10 regions, with the surge in prices of materials and gasoline serving as negative influences.

Economic Trends Research, December 2024