---
source: Cabinet Office
url: https://www5.cao.go.jp/keizai3/watcher-e/di.xls
document_type: xls
date_retrieved: 2026-03-16
period: February 2026
parent_publication: Economy Watchers Survey
indicators_covered: [Economy Watchers Survey Current, Economy Watchers Survey Outlook]
---

# Economy Watchers Survey — February 2026 (Diffusion Indexes)

## Dataset summary
- Workbook sheets: ['1. DI for currrent conditions', '2. DI for future conditions', '3. DI by sector(SA)', '4. DI by sector(NSA)', '5. DI by region(SA)', '6. DI by region(NSA)', '7. Response rate']
- Relevant sheets used: "1. DI for currrent conditions" and "2. DI for future conditions"
- Frequency: Monthly
- Unit: Diffusion Index (DI), seasonally adjusted and non-seasonally adjusted sections
- Coverage in this extraction: Total SA DI (Current, Future) for Sep 2025 to Feb 2026

## Latest data point (matches event payload)
- **Current Index (SA, Total): 48.9** in Feb 2026 (previous Jan 2026: **47.6**)
- **Outlook Index (SA, Total): 50.0** in Feb 2026 (previous Jan 2026: **50.1**)

## Recent trend (last 6 observations)
| Month | Current Index (SA, Total) | Outlook Index (SA, Total) |
|---|---:|---:|
| Sep | 47.0 | 48.4 |
| Oct | 48.2 | 52.2 |
| Nov | 48.0 | 49.4 |
| Dec | 47.7 | 49.5 |
| Jan | 47.6 | 50.1 |
| Feb | 48.9 | 50.0 |

## Methodology notes from source structure
- The workbook provides diffusion indexes for current and future conditions.
- It includes breakdowns by household activity, corporate activity, employment, region, and sector.
- Response rate table is provided in sheet "7. Response rate".