Consumer confidence reaches 19-month high

The consumer confidence index (CCI) for November stood at 62.47, up 1.91 points from the October level to reach the highest level recorded since May 2008, according to the results of the survey conducted by National Central University's Research Center for Taiwan's Economic Development (RCTED).

Five out of the six sub-indices rose, with the largest increase seen in the sub-index for projected stock market investing over the next six months, which rose 3.8 points from October to reach 89.

The sub-index with the second-largest increase was in the overall domestic economic outlook over the next six months, which was up 3.15 points to stand at 56.7, while the sub-index for projected family finances jumped 2.6 points to 59.55.

The sub-index for the employment opportunities for the next six months rose 1.95 points to 40.85, and that for projected durable goods purchases moved up 0.9 points to 85.4.

The only sub-index that declined in November was in domestic consumer prices for the next six months, which dipped 0.95 points to 43.3.

The RCTED noted that the fact that all six sub-indices were below 100 shows that consumer sentiment remains pessimistic.

An index of 0-100 is indicative of pessimism, while one between 100 and 200 reveals optimism.

The survey of 2,388 adults was carried out Nov. 19-22. It had a margin of error of plus/minus two percentage points.

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email