Japan Consumer Confidence

Japan

Japan: Consumer sentiment drops to six-month low in October

November 11, 2014

Consumer sentiment fell from the 39.9 points recorded in September to 38.9 points in October. The print represented the lowest reading in six months. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 points indicates that all respondents see their living standards improving.

October’s result mostly reflected deteriorations in all the main sub-categories, with job conditions and consumers’ willingness to buy durable goods recording the largest drops. The overall livelihood category and income growth were just below the previous month’s reading.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 0.6% in 2014, which is down 0.4 percentage points from last month’s forecast. In 2015, the panel sees private consumption growing 0.3%, which is unchanged from last month’s estimate.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart


Japan Consumer Confidence October 2014

Note: Index of consumer sentiment. The 50-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).


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