Kansai Economic Insight Monthly Vol.75 (July 2019)
Abstract
Summary: Further economic deterioration in sight
・ Production in May expanded MoM for the second month in a row.
・ Although Kansai registered a trade surplus for the first time in two months in June, both exports and imports shrank YoY.
・ The Economy Watchers’ Diffusion Index (DI) in June deteriorated MoM for the second consecutive month.
・ Both nominal and real wages in April decreased YoY for the second consecutive month.
・ Sales by large retailers in May expanded YoY for the first time in two months.
・ The number of new housing starts in May plummeted sharply (-27.5% YoY), decreasing for the second consecutive month.
・ Although the effective job offers-to-applicants ratio in May declined slightly, the absolute numbers of both job offers and applicants increased. The unemployment rate remained unchanged.
・ Construction works in May expanded YoY for the 15th month in a row. However, public works contracts declined.
・ The number of international arrivals at Kansai International Airport in June grew YoY for the ninth month in a row.
・ China’s Q2 real GDP expanded +6.2% YoY, the slowest growth rate since 1992.
著者
INADA, Yoshihisa
Director of Research & Derector of Center for Quantitative Economic Analysis(CQEA), Asia Pacific Institute of Research and Professor emeritus, Konan University
Macroeconomics, Applied Econometrics, Economic Forecasting
KARAVASILEV, Yani
Associate Professor, Kwansei Gakuin University and Research Fellow, Asia Pacific Institute of Research
Economic Development, Foreign Direct Investment, International HRM, the Asian and Japanese Economies