Japan Consumer Confidence August 2016

Japan

Japan: Consumer confidence rises to seven-month high in August

September 2, 2016

Consumer sentiment rose from July’s 41.3 to 42.0 in August. The print overshot the 41.6 that market analysts had expected and represented the highest 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 main sub-components of the index gained ground over last month’s reading. Consumers’ perceptions of their job prospects improved the most followed by their views on income growth and their overall livelihood category. Consumers’ willingness to buy durable goods recorded only mild gains in August.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees private consumption growing 0.8%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence August 2016 0

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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