The "Consumer Attitude Index" in May, which shows consumers' willingness to shop, was 1.1 points higher than the previous month due to the declining number of newly infected people with the new corona.
For this reason, the Cabinet Office has revised upward the keynote judgment of consumer sentiment for the first time in seven months, saying that "there is a movement to stop falling."
The consumer attitude index is an index that shows consumer sentiment by asking 8400 households nationwide about how they will live in the next six months and whether it will be time to buy automobiles and home appliances.
In a survey conducted in May, the index for households with two or more people was 34.1, 1.1 points higher than the previous month, improving for the second consecutive month.
The Cabinet Office analyzed that while the prices of resources such as gasoline and raw materials have continued to rise, the number of newly infected people nationwide has been declining, and the movement toward normalization of economic activities has had an impact. I am.
For this reason, the keynote judgment of consumer sentiment has been revised upward to "there is a movement that has stopped declining."
This is the first upward revision in seven months since October last year.
On the other hand, the percentage of households who answered that the outlook for prices in one year would "rise" was 94.4%, 0.7 points higher than the previous month, the highest since April 2004 when they started the same question, 4 It set a new record high for months in a row.
According to the Cabinet Office, "There is a tendency for consumer sentiment to improve with the normalization of economic activities, but it is necessary to pay attention to the effects of rising prices and trends in overseas economies."