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--Household Spending -0.6% Y/y; Meets Forecast
--Household Spending +1.1% M/m Vs. Oct +1.8%
TOKYO (MNI) - Here are five major takeaways from the Family Income and
Expenditure Survey on Household for the month of November released by the
Ministry of Internal Affairs and Communications on Friday.
--Spending by households with two or more people fell 0.6% y/y after
adjusting for two survey methods, meeting forecast by an MNI survey. It followed
a decline of 0.3% in October.
--The ministry said household spending "is picking up, but marking time,"
or somewhat stalled. Previously, the government described its view on the
outlook as "picking up."
--October's drop was led by a reduction in expenditure on furniture and
household items, which fell 10.0% y/y. Spending on medical care also shrunk by
5.2% y/y, the second-largest drop.
--Household spending slowed to 1.1% on a monthly basis from 1.8% gain in
--The average real income of households with salaried workers climbed 0.1%
y/y from October's -2.9%, the first increase in the last four months.
--MNI Beijing Bureau; +86 10 8532 5998; email: firstname.lastname@example.org