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Friday, April 18, 2008

Japan consumer confidence index 36.5 in March

Japanese consumer confidence worsened in March from three months earlier on a seasonallyadjusted basis, a government survey showed on Friday.
The Cabinet Office survey's sentiment index for general households, which includes views on incomes and jobs, was 36.5 in March, the lowest since June 2003 when it was 36.1. It was down from 38.8 in December. Seasonally adjusted figures are released only quarterly. The unadjusted monthly index for March stood at 36.7, up from 36.1 in February and rising for the first time in six months. "General households" are those with two or more people and a reading below 50 suggests consumer pessimism.

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