Con­sumer con­fi­dence 2nd high­est in Greater China

The China Post - - LOCAL -

Tai­wan’s Con­sumer Con­fi­dence In­dex (CCI) in the first quar­ter of the year was the sec­ond-high­est among the four ar­eas in the Greater China re­gion that also in­clude main­land China, Ma­cau and Hong Kong, ac­cord­ing to a joint uni­ver­sity study on con­sumer con­fi­dence in the re­gion.

It was the best rank­ing Tai­wan has had since 2008 in the re­gional CCI sur­veys.

Tai­wan’s CCI climbed 1.41 points from the pre­vi­ous quar­ter’s 86.2 to 87.61 in Q1, lower than the main­land’s 104.3, but higher than Ma­cau’s 85.41 points and Hong Kong’s 83.8, ac­cord­ing to the re­sults of the quar­terly study, re­leased Wed­nes­day in Bei­jing.

The Tai­wan in­dex con­sists of eight in­di­ca­tors that re­flect con­sumer con­fi­dence in the fields of stock in­vest­ment, real es­tate pro­cure­ment, durable goods pro­cure­ment, em­ploy­ment, house­hold sav­ings, do­mes­tic eco­nomic con­di­tions, eco­nomic growth and com­mod­ity prices.

The high­est score was recorded at 120.14 points for stock in­vest- ment, fol­lowed by 104.79 for real es­tate pro­cure­ment, 100.62 for durable goods pro­cure­ment, 96.43 for em­ploy­ment, 81.37 for house­hold sav­ings, 80.48 for do­mes­tic eco­nomic con­di­tions, 74.29 for eco­nomic growth and 53.7 points for com­mod­ity prices.

The low score in com­mod­ity prices re­flects Tai­wanese peo­ple’s dis­con­tent over ris­ing prices and stag­nant wage growth, said Shia Ben-chang, a pro­fes­sor in health care ad­min­is­tra­tion at Taipei Med­i­cal Uni­ver­sity, who presided over the Tai­wan por­tion of the sur­vey.

The CCI study is made up of sep­a­rate sur­veys con­ducted by the Cen­tral Uni­ver­sity of Fi­nance and Eco­nomics and the Cap­i­tal Uni­ver­sity of Eco­nomic and Busi­ness in Bei­jing, Tai­wan’s Taipei Med­i­cal Uni­ver­sity, the City Uni­ver­sity of Hong and the Ma­cau Uni­ver­sity of Science and Tech­nol­ogy.

Un­der a 0-200 point scor­ing scale, an in­dex fall­ing in the 0-100 point zone means con­sumer con­fi­dence is in­clined to­ward pes­simism, while a fig­ure 100-200 zone in­di­cates op­ti­mism.

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