Japan: Consumer confidence hits six-month high in February
March 12, 2015
Consumer sentiment rose from the 39.1 points recorded in January to 40.7 points in February. The print represented a six-month high and came in above the 39.5 points that analysts had expected. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 points indicates that all respondents see their living standards improving.
February’s result reflected a strong increase in the overall livelihood category as well as in consumers’ willingness to buy durable goods. Job conditions also improved markedly in February, while income growth recorded a mild gain. Against this backdrop, the government upgraded its view on consumer confidence stating that, “some recovery in the consumer mindset can be seen.”