Japan: Consumer confidence falls to six-month low in July
August 10, 2015
Consumer sentiment fell from the 41.7 recorded in June to 40.3 in July. The print represented the lowest reading since January. 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 the sub-categories that make up the index lost ground over the previous month. Job conditions experienced the largest drop, followed by the overall livelihood category and consumers’ willingness to buy durable goods. The decline in income growth was more moderated. As a result, the government downgraded its basic assessment of consumer confidence, stating that it is stalling.