Japan: Consumer sentiment declines in December
January 17, 2014
In December, consumer sentiment fell from the 42.5 points recorded in November to 41.3 points. December's fall contrasted market expectations of an increase to 43.0 points. 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.
Consumers were significantly more pessimistic regarding their willingness to buy durable goods and their overall livelihood. Income growth recorded a milder decline, whereas employment prospects improved.
FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.5% in 2014, which is down 0.1 percentage points from last month's forecast. In 2015, the panel sees private consumption growing 0.3%.