Confidence rises in September on back of domestic stocks
CNATAIPEI--Consumer confidence in Taiwan was up in Sept. as public sentiment toward domestic stocks showed improvement, according to a survey released yesterday.
September 28, 2013, 12:05 am TWN
The latest consumer confidence index, compiled by the Research Center for Taiwan Economic Development at National Central University, showed confidence at 76.5 points in Sept., an increase of 1.17 points from August's rating of 75.33.
Center director Dachrahn Wu said that public sentiment toward domestic stocks has pulled the overall index, with the remainder of sub-indexes remaining “nearly flat.”
Optimism over the stock market grew by 4 points month-on-month to 63.4, while other “changes were all minimal,” falling within a margin of error of plus-or-minus 2 points, Wu said.
Despite the gain, confidence in the local bourse has been fluctuating in the past few months and remains well below a score of 100, indicating pessimism.
Confidence in durable goods purchases, meanwhile, has shown improvement since last December, reaching 99.05 this month for its highest point since November 2011, Wu noted.