Japan: Consumer sentiment rebounds strongly in September
October 10, 2013
Consumer sentiment jumped from 43.0 points in August to 45.4 points in September. The print marks the highest level of consumer confidence in four months and beat market expectations, which saw the index rising to 43.5 points. The consumer confidence index measures consumers' expectations over the next six months on a scale of 0-100, where 100 points indicates that all respondents see their living standards improving.
Consumers' views were more optimistic across all of the categories in the survey. Households' views on their employment prospects and willingness to buy durable goods expanded the most over the previous month, while their opinions regarding income growth and their overall livelihood recorded milder gains.
FocusEconomics Consensus Forecast panelists anticipate private consumption to increase 1.8% in 2013, which is unchanged from last month's forecast. In 2014, the panel sees private consumption growing 0.6%, which is also unchanged over the previous month's estimate.