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Results of the Regional Economic and Industrial Research (July-September 2016)

The Ministry of Economy, Trade and Industry (METI) has compiled the results of the regional economic and industrial research that the regional Bureaus of Economy, Trade and Industry conduct on a quarterly basis to identify regional economic trends, and METI hereby releases the results.

[Highlights of the results]
The assessment of the national economic situation remains the same as that in the previous quarter. It is “improving moderately although some businesses show weakness.”

Compared to the previous quarter, the assessment of regional economic conditions has been revised upward in the Hokkaido, Chugoku and Kyushu regions and has remained the same in the Tohoku, Kanto, Tokai, Hokuriku, Kinki, Shikoku and Okinawa regions.

1. Regional Economic and Industrial Research

The regional Bureaus of Economy, Trade and Industry survey enterprises in their service areas using interviews and other survey techniques on a quarterly basis for the purpose of identifying economic trends in the areas, such as those related to business conditions, production, and investment in facilities, and they collect and analyze the survey results.

  • Survey period: From September 5 to 29, 2016
  • Number of target companies: 773

2. General summary

The national economic situation is improving moderately with some weakness. (→)
Production in the automobile-related industries shows an increase due to the recovery from the influence of the earthquakes in Kumamoto Prefecture and other elements, while private consumption grows at a sluggish pace due to weak trends in clothing and shifting of overseas tourist consumption from luxury goods to general consumables.

3. Regional summaries

[Hokkaido] Picking up moderately (↑)
Production shows sluggishness due to the periodical repair of production facilities and other factors. Meanwhile, private consumption shows steady performance due to an increase in the sales of beverages and cosmetics, regardless of the impact of typhoons. As for tourism, private consumption remains brisk.
[Tohoku] Picking up moderately with some weakness (→)
Private consumption and production remain almost flat, while being affected by typhoons and unstable weather. Business investment is picking up moderately, while the employment situation continues to improve from the previous quarter.
[Kanto] Improving moderately with some weakness (→)
Demand for smartphones and automobiles remain brisk, whereas in terms of private consumption, some businesses show stagnation in sales due to the impact of unstable weather.
[Tokai] Improving moderately with some weakness (→)
Core transport equipment shows signs of production increases, while the electronic parts and devices industry show signs of picking up. As for department stores, supermarkets and home appliance sales, the number of customers and overall sales has decreased due to the impact of weather.
[Hokuriku] Improving moderately with some weakness (→)
Private consumption appears to remain in a stalled state centered on clothing. Production and business investment continue to be at a high level although there is a reaction to the effect of the inauguration of the Hokuriku Shinkansen service. The employment situation is also improving.
[Kinki] Improving moderately with some weakness (→)
In terms of private consumption, signs of improvement appear to remain in a stalled state. As for production, the electronic parts and devices and electrical machinery industries remain at a high level, while production as a whole remains flat. The employment situation is improving.
[Chugoku] Picking up (↑)
Production continues to improve due to the resumption of production of light vehicles and the increase in orders received for electronic parts of smartphones, painting a rosy picture of private consumption due to the special demand derived from the extreme heat of the summer, the Olympic Games in Brazil, and the sales celebrating following the championship victory of a local baseball team.
[Shikoku] Picking up moderately with some weakness (→)
Production in the chemical, petroleum and coal products, transport equipment (shipbuilding) and other sectors has decreased, affected by the slowdown of the Chinese economy and the appreciation of the yen, while production of pulp, paper and paper products and other sectors has decreased against a backdrop of brisk overseas demand.
[Kyushu] Picking up moderately (↑)
Production shows signs of picking up due to a recovery in production in automobiles, semiconductors and other industries, the production of which decreased due to the impact of the earthquakes in Kumamoto Prefecture. Private consumption also shows signs of picking up due to a recovery in demand and other elements, although some businesses show weakness.
[Okinawa] Continuing to improve (→)
Against a backdrop of the increase in the number of tourists and the population in the service area, and the improvement of employment environments, private consumption remains steady.

Note: Compared to the economic assessment in the previous research:
Higher assessment is shown by (↑); no change by (→); and lower assessment by (↓).

Reference

Release date

October 24, 2016

Division in Charge

Regional Economic and Industrial Research Office, Regional Economic and Industrial Policy Group

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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