Maintained "slow recovery" Monthly Economic Report August 30 17:44
In this month's monthly economic report, the government maintained that the economy was slowly recovering. On the other hand, it is necessary to pay attention to the impact on the global economy as tensions over US-China trade friction are increasing.
The monthly economic report shows the official recognition of the economy as a government.
As a result, “personal consumption” maintained the judgment that it was “pickling” because sales of summer products decreased due to bad weather until the first half of last month, but sales of TVs and other products increased.
In addition, “public investment” was revised upward for the first time in three months, saying that “the firmness has increased” because public works have increased due to the execution of the budget.
On the other hand, the impact of China's economic slowdown has left the decision that “exports” are “weak”, and “production” is “stable for some time, but some weakness continues” It was.
Based on these factors, we maintained our judgment that the economy as a whole was recovering moderately, although weakness continued mainly in exports.
On the other hand, regarding the outlook for the economy, it is necessary to pay attention to the impact on the global economy as tensions over US-China trade friction are increasing.