The index of business conditions released by the Cabinet Office in November last year, which shows the current state of the economy, deteriorated for the first time in six months.
The economic judgment mechanically derived from the movement of the index was "stopped down" and remained unchanged.
In the business conditions index of November last year, the "coincidence index" that shows the current state of the economy was 89.1, with 2015 as 100.
It decreased by 0.3 points compared to the previous month and deteriorated for the first time in 6 months.
Due to the high temperature in November, sales of winter goods were not performed at department stores, a fire at an automobile parts factory affected production and shipping, and the number of people infected with the new coronavirus increased. We analyze that it has pushed down personal consumption.
On the other hand, in November, the ratio of job offers to applicants, which indicates the export and employment situation to Asia and the United States, improved.
As a result, the economic judgments that are mechanically derived from the movement of the index have been left unchanged, with the same “stopping decline” as before.
On the other hand, the “leading index”, which shows the future of the economy several months later, has improved by 2.3 points from the previous month for the sixth straight month.
According to the Cabinet Office, "The number of people infected with the new coronavirus is increasing and the outlook is becoming more uncertain. We must pay close attention to the trends in the number of people infected and the impact on the economy."