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.