Consumer confidence continued to falter in October, auguring a weakening in private consumption in the months ahead, following on the resilient growth tallied in the third quarter. In October, the Cabinet Office's index of household sentiment dropped for the fourth month in a row, sliding from 41.2 points in September to 40.9 points. An index value below 50 indicates that pessimists outnumber optimists. The fall in consumer sentiment was mostly driven by a significant drop in the willingness to buy durable consumer goods, in particular cars and electronic products, which reflected the withdrawal of government stimulus measures aimed at boosting consumption. Nonetheless, expectations of income growth stabilised and consumer confidence regarding the labour market inched up.
Japan Consumer Confidence
Consumer sentiment weakens for the fourth consecutive month
November 10, 2010
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Japan Economic News
October 24, 2016
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from September’s revised 50.4 (previously reported: 50.3) to 51.7 in October.
October 24, 2016
In September, nominal exports valued in yen declined 6.9% from the same month last year, which followed August’s 9.6% decline.
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.