Japan Consumer Confidence June 2017

Japan

Japan: Consumer confidence inches down in June

July 3, 2017

Consumer sentiment declined from 43.6 in May to 43.3 in June. The reading came in below the 43.9 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.

June’s slight decrease came on the back a sharp decline in the overall livelihood category and a smaller drop in income growth. While consumers’ willingness to buy durable goods steadied in June, the employment index hit an over two-year high.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.9% in 2017, which is up 0.1 percentage points from last month’s forecast. In 2018, the panel also sees private consumption growing 0.9%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence June 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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