Japan: Consumer confidence recedes slightly in July
August 2, 2016
Consumer sentiment declined from June’s 41.8 to 41.3 in July. The print undershot the 42.0 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.
July’s result reflected a broad-based deterioration as all but one of the main sub-components of the index lost ground over last month’s reading. Consumers’ willingness to buy durable goods led the decrease, followed by job prospects and income growth. Conversely, the overall livelihood category recorded mild gains in July.