Japan: Consumer confidence rebounds from July's six-month-low in August
September 9, 2015
Consumer sentiment rose from the 40.3 recorded in July to 41.7 in August, beating market expectations of a milder increase to 40.5. July’s print had represented the lowest reading since January. 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.
August’s result reflected a broad-based improvement, as all the sub-categories that make up the index gained ground over the previous month. The overall livelihood category experienced the largest increase. Job conditions and consumers’ willingness to buy durable goods also rose robustly, while the increase in income growth was more moderated.