The Cabinet Office released the Economy Watchers Survey results for July 2025 (Reiwa 7) on August 8. The July current conditions judgment DI (seasonally adjusted) rose 0.2 points from the previous month to 45.2, marking the third consecutive month of increase. This was contributed by an increase in the household sector-related DI, while the corporate sector-related and employment-related DIs declined.
In the household sector-related DI, although retail-related declined, services-related and other sectors increased, leading to an overall increase. The corporate sector-related DI declined overall due to decreases in non-manufacturing, and the employment-related DI also decreased.
The July future outlook judgment DI (seasonally adjusted) rose 1.4 points from the previous month to 47.3. All DIs for household sector-related, corporate sector-related, and employment-related increased. In original values, the current conditions judgment DI increased 0.4 points from the previous month to 45.5, and the future outlook judgment DI increased 0.1 points from the previous month to 47.0.
Regarding these survey results, the Cabinet Office summarized: "The economy shows signs of recovery. Looking ahead, while concerns about price increases and the impact of US trade policies remain, the recovery movement is expected to continue." The survey results include detailed regional data.