Japan Consumer Confidence June 2016

Japan

Japan: Consumer confidence improves in June

July 1, 2016

Consumer sentiment rose from May’s 40.9 to 41.8 in June. The print overshot the 41.1 that market analysts had expected. 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.

June’s result reflected a broad-based improvement in all the main sub-components of the index. Consumers’ willingness to buy durable goods led the increase, while job prospects, the overall livelihood and income growth categories recorded milder gains.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees private consumption growing 0.7%.


Author:, Economist

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Japan Consumer Confidence June 2016 2

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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