Research

Kansai Economic Insight Monthly Vol.73 (May 2019)

Summary: Economy remains sluggish with signs of potential deterioration

  • Production in March shrank MoM for the first time in two months.
  • The April trade balance remained positive for the third month in a row, but it shrank YoY.
  • The Economy Watchers’ DI in March improved MoM for the first time in two months.
  • Real wages in February increased YoY for the second month in a row.
  • Sales by large retailers in March expanded for the first time in five months.
  • New housing starts in March increased YoY for the first time in two months.
  • The effective job offers-to-applicants ratio in March remained unchanged.
  • March was the 13th month of uninterrupted YoY growth in construction.
  • International arrivals at KIX in April grew YoY for the seventh month in a row.
  • China’s PMI in April deteriorated for the first time in two months.

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