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.
Author: Christopher Mc Innes, Economist