The gauge for Japan's service sector sentiment fell by 9.1 points to 43.8 in July 2022 from 52.9 in June, the Economy Watchers' Survey showed. This was the lowest reading since February amid a resurgence of COVID-19 infections in some parts of the country. The index for household trends dropped further, largely due to declines in eating and drinking-related items. Also, the gauge for corporate trends continued to weaken, linked to falls in both manufacturing and non-manufacturing. At the same time, the economic outlook index shed 4.8 points to 42.8 in July from 47.6 in June, on fears that the recovery in the economy is stalling due to intense inflationary pressures. source: Cabinet Office, Japan

Economy Watchers Survey in Japan averaged 44.51 points from 2001 until 2022, reaching an all time high of 57.50 points in December of 2005 and a record low of 9.40 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 2022.

Economy Watchers Survey in Japan is expected to be 42.00 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 44.00 points in 2023 and 49.00 points in 2024, according to our econometric models.

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Japan Economy Watchers Survey



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 05:00 AM Jun 52.9 54 52
2022-08-08 05:00 AM Jul 43.8 52.9 53
2022-09-08 05:00 AM Aug 43.8


Related Last Previous Unit Reference
Services PMI 50.30 54.00 points Jul 2022
Coincident Index 99.00 94.90 Jun 2022
Economy Watchers Survey 43.80 52.90 points Jul 2022
Leading Economic Index 100.60 101.20 points Jun 2022
Economy Watchers Survey Outlook 42.80 47.60 points Jul 2022

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
43.80 52.90 57.50 9.40 2001 - 2022 points Monthly
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News Stream
Japan Services Sentiment Sinks to 5-Month Low
The gauge of Japan's service sector sentiment fell by 9.1 points to 43.8 in July 2022 from 52.9 in June, the Economy Watchers' Survey showed. This was the lowest reading since February amid a resurgence of COVID-19 infections in some parts of the country. The index for household trends dropped further, largely due to declines in eating and drinking-related items. Also, the gauge for corporate trends continued to weaken, linked to falls in both manufacturing and non-manufacturing. At the same time, the economic outlook index shed 4.8 points to 42.8 in July from 47.6 in June, on fears that the recovery in the economy is stalling due to intense inflationary pressures.
2022-08-08
Japan Services Morale Weakens in June
The gauge for Japan's service sector sentiment declined 1.1 points from a month earlier to 52.9 in June 2022 from May’s five-month high of 54.0, amid rising of COVID-19 cases, the Economy Watchers' Survey showed. It marked the first decline in sentiment, after two months improving with the index for household trends decreasing, dragged down by a drop in housing-related trends, while the gauge for corporate trends decreased due to a fall in manufacturing and food; and employment-related trends also deteriorated. The economic outlook index fell 4.9 points to 47.6, the first decline and the lowest in four months, amid rising costs and the impact of Ukraine war.
2022-07-08
Japan Services Morale Rises to 5-Month High
The gauge for Japan's service sector sentiment increased 3.6 points from a month earlier to a five-month high of 54 in May 2022, amid lifting of COVID-19 restrictions, the Economy Watchers' Survey showed. That also marked the third straight month of improving sentiment with the index for household trends increasing boosted by a rise in food and beverages, while the gauge for corporate trends climbed driven by an increase in manufacturing; and employment-related trends also improved. The economic outlook index rose 2.2 points to 52.5, the highest in six months, amid gradually economic recovery.
2022-06-08