Japan Consumer Confidence September 2020

Japan

Japan: Consumer confidence hits highest reading since February in September

October 2, 2020

Consumer confidence rose to 32.7 in September from August's 29.3, marking the strongest reading since February. As a result, the index—which measures consumer expectations about the economy for the next six months—moved closer to the 50-threshold, but still indicated pessimism among consumers.

The rise came on the back of a broad-based improvement in consumers‘ assessments regarding the coming six months: Perceptions of employment opportunities, overall livelihood, willingness to buy durable goods and income growth all increased from August’s survey.

FocusEconomics Consensus Forecast panelists project private consumption to contract 6.3% in 2020, which is down 0.5 percentage points from last month’s forecast. In 2021, the panel sees private consumption growing 2.7%, which is up 0.1 percentage points from last month’s estimate.


Author:, Economist

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Japan Consumer Confidence Chart


Japan Consumer Confidence September 20 20 0

Note: Consumer Confidence Index (seasonally adjusted series). A reading above the 50.0-threshold suggests consumers are optimistic about the economy, whereas a reading below the threshold points to pessimism.
Source: Cabinet Office (CO).


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