Japan Economy Watchers Survey

In February 2017, the current economic DI declined from 49.8 in the previous month to 48.6. The future outlook DI increased to 50.6 from 49.4 in the previous month.

Published monthly by the Cabinet Office. Updated till the month of February 2017 (published on March 8th, 2017)

Recent data trend:

In February 2017, the current economic DI declined for the second straight month whereas in contrast the future outlook DI increased by 1.2 points after allowing for seasonal factors.Among the sub-components of the survey, all the three DI's under current condition deteriorated namely, the household related current DI saw a sizable decline of 1.5 points from the previous month. The future outlook DI sub-components', on the contrary, improved. In our view, February survey results indicate a mixed response and we would like to observe whether the increase in future outlook judgement holds true for the next coming months.

Brief overview of “Economy watchers survey":

"Economy watchers survey" is a survey of people who are working in industries that are sensitive to economic trends, such as household activity, corporate activity, and employment. This index is a diffusion index (DI). The index over 50 indicates that the economy is expanding, while the index below 50 indicates that the economy is contracting. 

DI for current conditions indicate the direction of change compared to 3 months ago, and DI for future condition index indicates the expected direction of change within the next 2 or 3 months.

For more information, visit the official government page

Source: Cabinet Office, JMA

The Next Release Date:   April 10th, 2017

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