February Economic Trend Index Keynote Judgment "Deterioration" for 7 consecutive months April 7 15:14
The Cabinet Office has announced the February Business Trend Index. Among them, the index showing the current state of the economy was slightly positive due to the effects of bulk purchases associated with the spread of the new coronavirus infection, but the economic trend was "deteriorating" for the seventh consecutive month.
As a result of the Cabinet Office's announcement, the “economic index,” which indicates the current state of the economy in February, was 95.8, with 2015 as 100, up 0.6 points from the previous month.
Looking at economic indicators related to production and consumption, shipments of electronic components and steel products for overseas increased, and bulk purchases of masks and disinfected products were seen with the spread of the new coronavirus infection. Worked positively.
However, the underlying judgment of the economy, which is mechanically derived from the movement of the index, was "deteriorated", indicating that the possibility of a recession is high. The judgment of “deterioration” is for seven consecutive months.
According to the Cabinet Office, the effects of the spread of infection have not yet been clarified in February, and the increase in the index is not enough to raise judgment.
Since then, the outbreak of the new coronavirus has spread worldwide, and is expected to have a significant effect on corporate production activities and consumption, and the Cabinet Office will monitor future trends.