Japan Consumer Confidence February 2016

Japan

Japan: Downward trend in consumer confidence remains intact in February

March 8, 2016

Consumer sentiment declined from the 42.5 recorded in January to 40.1 in February. The print undershot the 42.2 that market analysts had expected and represented the lowest reading since January 2015. 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.

February’s result reflected a broad-based deterioration as all the main sub-components of the index lost ground compared the January. Job prospects led the fall, with the sub-gauge declining to an over-three-year low. The overall livelihood category and consumers’ willingness to buy durable goods also recorded a sizeable drop. The decline in income growth, however, was softer. Against this backdrop, the Cabinet Office downgraded its assessment on consumer confidence for the first time in 15 months, saying it suggests that “weaknesses are seen” in the economy.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 1.0% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel sees private consumption growing 0.4%.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Japan? Download a sample report now.

Download

Japan Consumer Confidence Chart


Japan Consumer Confidence February 2016

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


Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

    Read more

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

More news

Search form