Economic DI worsened for the third month in a row, with sluggish year-end demand

～ Domestic economy has entered a recession phase, with manufacturing industry’s continuing downturn ～

（Companies researched: 23,652; Valid responses: 10,292; Response rate: 43.5%; Survey start date: May 2002)

Overview of December 2019: Recession phase

The economic diffusion index (DI) in December 2019 was 42.5, down 1.1 points from the previous month, and worsened for the third consecutive month in a row. Domestic economy seems to have entered a recession phase, although there are some positive factors.

Future outlook: Moderate recession continues

With many causes of concern, such as the consumer spending trend and a global economic slowdown, uncertainty about the domestic economy has further intensified.

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