Japan: Consumer confidence deteriorates in April
May 9, 2016
Consumer sentiment fell from March’s 41.7 to 40.8 in April. The print slightly overshot the 40.7 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.
April’s result reflected a broad-based deterioration as all but one of the main sub-components of the index lost ground compared to the March’s result. Consumers’ willingness to buy durable goods and job prospects led the decrease, followed by the overall livelihood category. On the other hand, the income growth sub-component improved in the same month.