Kansai Economic Insight Monthly Vol.79 (November 2019)
Summary: The economy is deteriorating but likely to level off
▶ Production: Kansai’s Q3 production expanded YoY for the first time in three quarters.
▶ Nominal wages in Osaka, Kyoto and Hyogo prefectures increased, but real wages kept declining.
▶ Internatinoal trade: Kansai logged a trade surplus in October. However, both exports and imports shrank YoY.
▶ Business confidence: The October Diffusion Index dropped to 39.9, reflecting the reactionary fall after the rush demand in September.
▶ Construction: The number of new housing starts declined, but construction volume expanded YoY in Q3.
▶ Labor market: Nominal and real wages kept declining in August. The number of new job openings decreased and unemployment increased in September.
▶ Inbound sector: International arrivals at Kansai International Airport grew slightly YoY in October.
▶ Chinese economy: China’s PMI in October deteriorated to 49.3. Production, domestic consumption and fixed capital investment all saw decelerating growth rates. China’s international trade volume kept shrinking.
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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