Con­sumer con­fi­dence hits high on stock sen­ti­ment


The con­sumer con­fi­dence in­dex (CCI) rose 1.8 points this month to reach a new high of 92.93, led by warm­ing sen­ti­ment to­ward stock in­vest­ment.

It’s the high­est that the bench­mark in­dex has been since its first edi­tion in Jan­uary 2004, re­ported the Re­search Cen­ter for Tai­wan Eco­nomic Devel­op­ment (RCTED, ) at Na­tional ). of Cen­tral Uni­ver­sity (

The CCI is made up

six in­di­ca­tors re­flect­ing con­sumer con­fi­dence in stock in­vest­ment, com­mod­ity prices, the job mar­ket, durable goods pur­chases, busi­ness cli­mate and house­hold fi­nances.

Con­sumer con­fi­dence in stock in­vest­ment rose the most among the six sub-in­dices, in­creas­ing 4.9 points to end at 109.70.

At the RCTED’s press an­nounce­ment, re­searcher Hsieh Ben- chang ( ) said this month’s CCI sig­nals strong eco­nomic growth in the next three to six months.

Hsieh, who di­rects a big-data re­search cen­ter man­aged by Tai­wan Med­i­cal Uni­ver­sity (

), said that yes­ter­day’s show­ing on the Tai­wan Stock Ex­change par­tially re­flects warm­ing sen­ti­ment to­ward stock in­vest­ment.

TAIEX broke the 10,000-point mark yes­ter­day for the first time in 15 years.

In­creases in All Six

All six of CCI’s sub-in­dices rose this month, with the great­est im­prove­ments in sen­ti­ment seen in stock in­vest­ment, do­mes­tic com­mod­ity prices and house­hold fi­nances.

Con­sumer con­fi­dence in do­mes­tic com­mod­ity prices rose 1.75 points to end at 52.85, while the in­dex of con­fi­dence in house­hold fi­nances in­creased 1.65 points to reach 85.60.

Strength­en­ing of con­sumer sen­ti­ment was weak­est in the do­mes­tic job mar­ket, which in­creased 0.65 points to reach 114.90, the busi­ness cli­mate (up 0.8 points to 88.45) and durable goods point to 106.05).

(up 1

Pes­simistic on House­hold


The April re­port shows that public con­fi­dence in house­hold fi­nances, busi­ness cli­mate and con­sumer prices trend to pes­simism, Hsieh said.

Un­der the CCI’s 200-point scale, an in­dex that falls in the 0-100 point zone re­flects pes­simistic con­sumer con­fi­dence while a fig­ure be­tween 100 and 200 in­di­cates op­ti­mism.

Sub­jects polled this month trended to­ward op­ti­mism on the job mar­ket, durable goods and stock in­vest­ment.

The lat­est sur­vey was con­ducted over tele­phone from April 19 to 23 on 2,448 peo­ple na­tion­wide over the age of 20. The mar­gin of er­ror is plus or mi­nus 2.0 per­cent at the 95-per­cent con­fi­dence level.

Con­sumer Con­fi­dence

Ac­cord­ing to the re­port, Tai­wan’s con­sumer con­fi­dence in­dex was sec­ond- high­est among Tai­wan, main­land China, Hong Kong and Ma­cau.

A sep­a­rate sur­vey con­ducted in March showed that con­sumer con­fi­dence was high­est in main­land China (104.3 points), fol­lowed by Tai­wan (88.3) and Ma­cau (85.3). Hong Kong’s con­sumer con­fi­dence in­dex in the first quar­ter was low­est at 83.8.

Com­pared to the fourth quar­ter of last year, China and Tai­wan saw an in­crease of 0.3 and 2.1, re­spec­tively, while the in­dex for Hong Kong and Ma­cau de­clined by 0.9 and 2.0.

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