Japan: Consumer confidence continues to improve in July
August 9, 2011
In July, consumer confidence added 1.7 points over the previous month, climbing to 37.0 points from the 35.3 points recorded in June. The reading represented the third consecutive month of improving sentiment and lifted consumer confidence to a four-month high. The increase in household confidence was broad-based, as all main categories improved over the previous month. In particular, the willingness to buy durable goods jumped from 36.8 points to 39.2 points, while job conditions rose by 2.3 points to 31.9 points and overall livelihood advanced 1.3 points to 38.8 points. Moreover, income growth added 0.6 points over the previous month.