Japan Consumer Confidence April 2017

Japan

Japan: Consumer confidence edges down in April

May 8, 2017

Japanese consumer sentiment declined from 43.9 in March to 43.2 in April. The reading came in below the 43.5 mark that analysts had predicted. 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 moderation came on the back of a deterioration in all but one of the sub-categories. Consumers’ willingness to buy durable goods recorded the largest drop, followed by the overall livelihood category. Income growth declined, albeit mildly. On the upside, the employment index climbed to the highest mark in two years.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.8% in 2017, which is unchanged from last month’s forecast. In 2018, the panel also sees private consumption growing 0.8%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence April 2017

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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