Japan Consumer Confidence July 2016


Consumer confidence recedes slightly in July

Consumer sentiment declined from June’s 41.8 to 41.3 in July. The print undershot the 42.0 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.

July’s result reflected a broad-based deterioration as all but one of the main sub-components of the index lost ground over last month’s reading. Consumers’ willingness to buy durable goods led the decrease, followed by job prospects and income growth. Conversely, the overall livelihood category recorded mild gains in July.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees private consumption growing 0.8%.

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Japan Consumer Confidence Chart

Japan Consumer Confidence July 2016

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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