Japan January consumer confidence shows first rise in seven months 0
Posted on
February 11, 2011 by
Admin
According to data released Wednesday by the Cabinet Office, Japan’s Consumer Confidence Index rose by 1.0 point to 41.1 in January, showing an increase for the first time since June of last year.
The consumer confidence index itself contains five scores, each of which is considered positive when above 50, and pessimistic when below the 50 mark. Here’s a breakdown for January figures, with the change from the previous month:
- Consumer Confidence Index: 41.1 (+1.0)
- Overall Livelihood: 42.7 (+0.5)
- Income Growth: 41.0 (+0.2)
- Employment: 38.6 (+2.2)
- Willingness to buy durable goods: 41.9 (+1.1)
The employment score lags behind, as it has for some time. However, it is worth noting that employment scores 2.1 points higher than a year ago and a whopping 24.4 points higher than January 2009. January also showed a rise in all five scores, which also happened last June.