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.
Author: Stephen Vogado, Economist