In September, the index of business conditions, which shows the current state of the economy, fell 3.8 points from the previous month for the third straight month, and the Cabinet Office revised the keynote judgment downward to "stepping on".
This is because it was difficult to procure parts from Southeast Asia, where the infection of the new coronavirus continues to spread, and automobile production and exports fell.
The Index of Business Conditions for September, released by the Cabinet Office, was 87.5, with the "match index" showing the current state of the economy set at 100 in 2015, falling 3.8 points from the previous month and declining for the third consecutive month. ..
This is because the spread of the new corona infection in Southeast Asia made it difficult to procure parts, and in addition to automobile production, exports to Asia, Europe and the United States also fell.
In response to this, the Cabinet Office revised the keynote judgment mechanically derived from the movement of the index downward from "improvement" to "stepping on".
It is the first time in 2 years and 1 month that the keynote judgment has been revised downward.
In addition, the “leading index”, which indicates the future of the economy several months later, fell 1.6 points from the previous month, falling for the third consecutive month.
The Cabinet Office said, "We are beginning to hear voices saying that automobile production will be recovered in the latter half of the year. However, it is necessary to continue to carefully look at the downside risk of the economy due to the infection situation of the new corona." increase.