Kansai Economic Insight Monthly Vol.78 (October 2019)
Summary: The economy is currently deteriorating but likely to level off
▶ In August, production shrank and the rush demand before the tax hike was still limited. Large retailers’ revenues increased, but the number of new housing starts declined.
▶ Nominal wages in Osaka, Kyoto and Hyogo prefectures increased, but real wages kept declining.
▶ In September, Kansai logged a trade surplus. Both exports and imports expanded, but that was mainly due to the rebound from last year’s typhoon-induced slump in trade.
▶ The huge YoY increase in the number of international arrivals at Kansai International Airport in September can also be attributed to last year’s typhoon.
▶ The value of public works contracts declined, but an upward trend is expected in the areas affected by the natural disasters in October.
▶ China’s Q3 GDP expanded an annualized +6.0%, an all-time low. Consumer spending remained unchanged. Industrial production accelerated, but fixed capital investment decelerated. Prospects remain unclear.
著者
Director, Center for Quantitative Economic Analysis INADA, Yoshihisa
Professor emeritus, Konan University
Macroeconomics, Applied Econometrics, Economic Forecasting
KARAVASILEV, Yani
Researcher
foreign direct investment, international recruitment, corporate agenda setting
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