Japan Consumer Confidence July 2017

Japan

Japan: Consumer confidence rises slightly in July

August 2, 2017

Consumer sentiment inched up from 43.3 in June to 43.8 in July. The reading came in above 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.

July’s increase came on the back a sizeable rise in the overall livelihood category and consumers’ willingness to buy durable goods. Income growth recorded a smaller increase, while the employment index steadied in July.

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 Chart


Japan Consumer Confidence July 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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