Japan Consumer Confidence March 2016


Japan: Consumer confidence strengthens in March

April 8, 2016

Consumer sentiment increased from the February’s 11-month low of 40.1 to 41.7 in March. The print overshot the 40.5 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.

March’s result reflected a broad-based improvement as all the main sub-components of the index gained ground compared to the result in February. The overall livelihood category led the increase, followed by job prospects and consumers’ willingness to buy durable goods. The increase in the income growth sub-component, however, was softer.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2016, which is down 0.5 percentage points from last month’s forecast. In 2017, the panel also sees private consumption growing 0.2%.


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Japan Consumer Confidence Chart

Japan Consumer Confidence March 2016

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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