Business trend index for July Moderate improvement Business judgment remains unchanged as “deterioration” September 7 16:06
As for the July economic trend index announced by the Cabinet Office, the index showing the current situation improved by 1.8 points from the previous month.
Although the production of automobiles picked up, the extent of the improvement was small, and the economic judgment remained "deteriorated".
According to the Economic Trend Index for July of the Cabinet Office, the “concordance index” showing the current state of the economy was 76.2 with 2015 as 100.
This is 1.8 points higher than the previous month and has improved for the second consecutive month.
Economic activity that was affected by the new coronavirus gradually increased, production and shipments of automobiles and automobile parts picked up, and the amount of exports increased mainly to the United States compared to the previous month The main factor.
On the other hand, retail sales were sluggish, and the ratio of job offers to applicants, which indicates the employment situation, deteriorated, and the overall improvement was small.
For this reason, economic judgments that are mechanically derived from index movements have been left as "worse", which indicates that there is a high possibility of a recession.
Judgment of "deterioration" is the 12th consecutive month, and it is the longest period in which "deterioration" is shown since April 2008, when the statistics began to show economic judgment.