Japan Consumer Confidence May 2017


Japan: Consumer confidence inched up in May

June 2, 2017

Consumer sentiment rose from 43.2 in April to 43.6 in May. The reading came in broadly in line with the 43.5 mark that analysts had predicted. 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.

May’s slight increase came on the back of a broad-based improvement as all but one of the sub-categories gained ground compared to the previous month. The overall livelihood category and income growth recorded the largest rise, followed by the employment index, which hit an over two-year high. Consumers’ willingness to buy durable goods, however, steadied in the same month.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.8% in 2017, which is unchanged from last month’s forecast. In 2018, the panel also sees private consumption growing 0.8%.

Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart

Japan Consumer Confidence May 2017

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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