Japan Consumer Confidence May 2016


Consumer confidence inches up in May

Consumer sentiment rose from April’s 40.8 to 40.9 in May. The print overshot the 40.1 that market analysts had expected. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 indicates that all respondents see their living standards improving.

May’s result reflected a broad-based deterioration as all but one of the main sub-components of the index gained ground compared to the April’s result. Consumers’ willingness to buy durable goods led the increase, while job prospects and the overall livelihood category recorded milder gains. On the other hand, the income growth sub-component was unchanged in the same month.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2016, which is up 0.1 percentage points from last month’s forecast. In 2017, the panel sees private consumption growing 0.3%.

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Japan Consumer Confidence Chart

Japan Consumer Confidence May 2016 0

Note: Index of consumer sentiment. The 50-threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).

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