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MNI BRIEF: Japan Sept Household Spend Drops On Yr, Up On Month

September household spending rose 5.0% m/m from August dip of -3.9%.

MNI (Tokyo)

Real average household spending fell 1.9% y/y in September for the second straight decline from August due to lower spending on furniture and household utensils, transport and communication as well as culture and recreation, data released on Friday by the Ministry of Internal Affairs and Communications showed.

On month, real average household spending rose 5.0% in September, the first increase in five months.

The average real income of households with salaried workers rose 2.5% on year in September, marking the second straight gain. Disposable income rose 2.2%.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
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