The gauge for Japan's service sector sentiment edged up to 54.4 in July 2023 from a three-month low of 53.6 in the previous month, the Economy Watchers' Survey showed. The gauge for household trends rose, mainly supported by an increase in retail-related goods. Also, the measure for corporate trends increased, amid a rise in non-manufacturing activity and employment. The economic outlook index was up 1.3 points to a four-month peak of 54.1, owing to expectations that the economy will recover moderately. source: Cabinet Office, Japan

Economy Watchers Survey in Japan averaged 44.81 points from 2001 until 2023, reaching an all time high of 58.30 points in December of 2021 and a record low of 8.30 points in April of 2020. This page provides - Japan Economy Watchers Survey - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Economy Watchers Survey - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Economy Watchers Survey in Japan is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Economy Watchers Survey is projected to trend around 50.00 points in 2024, according to our econometric models.

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Japan Economy Watchers Survey



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-10 05:00 AM Jun 53.6 55.0 55 56
2023-08-08 05:00 AM Jul 54.4 53.6 54.5 54
2023-09-08 05:00 AM Aug 54.4 54.5


Related Last Previous Unit Reference
Services PMI 54.30 53.80 points Aug 2023
Coincident Index 115.10 114.30 points Jun 2023
Economy Watchers Survey 54.40 53.60 points Jul 2023
Leading Economic Index 108.90 109.10 points Jun 2023
Economy Watchers Survey Outlook 54.10 52.80 points Jul 2023

Japan Economy Watchers Survey
The Economy Watchers Current Index measures the current mood of businesses that directly service consumers, such as barbers, taxi drivers, and waiters. The survey covers eleven regions across the country including Hokkaido, Tohoku, Northern Kanto, Southern Kanto, Tokai, Hokuriku, Kinki, Chugoku, Shikoku, Kyushu, and Okinawa. There were 2,050 people selected among those engaged in jobs in industries. This enabled them to observe any developments that accurately reflect economic activities such as household activity, corporate activity, and employment. A reading above 50.0 indicates optimism; below indicates pessimism.
Actual Previous Highest Lowest Dates Unit Frequency
54.40 53.60 58.30 8.30 2001 - 2023 points Monthly
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News Stream
Japan Services Sentiment Rises from 3-Month Low
The gauge for Japan's service sector sentiment edged up to 54.4 in July 2023 from a three-month low of 53.6 in the previous month, the Economy Watchers' Survey showed. The gauge for household trends rose, mainly supported by an increase in retail-related goods. Also, the measure for corporate trends increased, amid a rise in non-manufacturing activity and employment. The economic outlook index was up 1.3 points to a four-month peak of 54.1, owing to expectations that the economy will recover moderately.
2023-08-08
Japan Services Sentiment Down to 3-Month Low
The gauge for Japan's service sector sentiment fell 1.4 points from the prior month to 53.6 in June 2023, the Economy Watchers' Survey showed. It was the lowest reading since March, with the gauge for household trends dropping due to a decline in the eating and drinking-related sector. Also, the measure for corporate trends decreased amid declines in manufacturing activity and employment. The economic outlook index lost 1.6 points to 52.8, linked to concerns over the impact of rising prices as the economy recovers further.
2023-07-10
Japan Services Sentiment Rises to 17-Month High
The gauge for Japan's service sector sentiment edged up 0.4 points from the prior month to 55.0 in May 2023, the Economy Watchers' Survey showed. It was the highest reading since December 2021 and the fourth consecutive period of rise, with the measure for corporate trends increasing amid growth in manufacturing activity and employment. Meanwhile, the gauge for household trends stayed flat as the housing-related sector fell while the food-related sector grew. The economic outlook index lost 1.3 points to 54.4, linked to concerns over the impact of rising prices as the economy recovers further.
2023-06-08