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Economy And The Numbers

Japan Consumer Confidence Weakest In Nearly 2 Years

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Japan's consumer sentiment decreased unexpectedly in February to the lowest level in almost two years, survey data from the Cabinet Office showed on Tuesday.

The seasonally adjusted consumer confidence index weakened to 35.0 in February from 35.2 in January. Meanwhile, economists had forecast the index to rise to 35.7.

Further, the latest reading was the lowest since March 2023, when it was 33.7.

The latest survey was conducted on February 15 among 8,400 households.

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