Japan: Consumer confidence inches up in May
June 2, 2016
Consumer sentiment rose from April’s 40.8 to 40.9 in May. The print overshot the 40.1 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.
May’s result reflected a broad-based deterioration as all but one of the main sub-components of the index gained ground compared to the April’s result. Consumers’ willingness to buy durable goods led the increase, while job prospects and the overall livelihood category recorded milder gains. On the other hand, the income growth sub-component was unchanged in the same month.