Deferring economic judgment “Deterioration” September Economic Trend Index Nov. 8 16:22
The Cabinet Office announced the economic trend index for September, and the index that shows the current state of the economy improved for the first time in two months because there was rush demand before the consumption tax rate was raised. However, the keynote judgment of the economy was left “deteriorated”.
According to the economic trend index in September announced by the Cabinet Office, the coincidence index indicating the current state of the economy was 101.0, with 2015 as 100. The index increased by 2 points compared to the previous month and improved for the first time in two months.
In September, there was a surge in demand before raising the consumption tax rate. Retail sales increased mainly at home centers and car dealers, and corporate production increased.
However, the economic keynote, which was mechanically derived from the movement of the index, was left “deteriorated” indicating that there was a high possibility of a recession because the extent of improvement did not meet the standards.
On the other hand, according to the “Monthly Economic Report,” which shows the official recognition of the economy, the economic judgment last month said “Although weakness has been prolonged mainly in exports, it has been recovering moderately”.
The expression “recovery” continues, which is different from the judgment of the economic trend index.