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Japan’s Consumer Confidence Index Slips a Tad in May: Cabinet Office

June 12, 2007
By Ken Worsley


April’s Cabinet Office Consumer Confidence survey had shown less pessimism, but May’s results show it creeping back, though just a bit.

Released just moments ago, May’s results show a slight decline in the overall consumer confidence score, from 47.4 in April to 47.3 in May. April’s score had been a 0.6 point improvement on March.

The report generates five total scores: The Consumer Confidence Index, Overall livelihood, Income Growth, Employment, and Willingness to buy durable goods. A score above 50 indicates positive public sentiment on that index. A number below 50 indicates negative sentiment.

May’s survey was carried out on May 15, 2007, and covered 6,720 households (5,040 households of two or more and 1,680 single-person households). Single-person households are excluded from the data covered in this post.

Broken down by categories (change from previous month):

  • Overall score: 47.3 (-0.1)
  • Overall Livelihood: 45.0 (+0.1)
  • Income Growth: 43.9 (+0.3)
  • Employment: 51.2 (-0.5)
  • Willingness to buy durable goods: 49.0 (-0.4)

What’s most remarkable about these numbers is that all five categories fall squarely below their levels from a year ago.

Filed Under Cabinet Office, Consumer Confidence Index, Economic Reports 

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Comments

One Response to “Japan’s Consumer Confidence Index Slips a Tad in May: Cabinet Office”

  1. John S on June 13th, 2007 4:05 am

    Not down by much, though. Interesting that this is lower than last year. It looks like this and the CPI are down, but all else faring well. If the CPI is indeed being affected by the spike in oil prices last year, the BOJ better get that rate hike in before the consumption tax is raised.

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