Consumers upbeat as spending up
Print Edition
CHINESE consumer sentiment rose in September for the first time in four months as people spent more during the Mid-Autumn Festival and the weeklong National Day holiday, according to a report yesterday.
The Bankcard Consumption Confidence Index added 0.33 points from August to 82.4 last month, China UnionPay said in the report.
Spending on alcohol and tobacco added 23.6 percent from a month ago due to more dining feasts during the holidays.
A recent rebound in the property market also boosted the sales value of home appliances by 39 percent from the same period a year ago. The value also rose 4.5 percent from that during the Labor Day holiday this year.
Bankcard owners also spent 35.12 percent more at public schools and education institutions from a month ago with the start of the new semester.
Spending at supermarkets and on household merchandise also rose, the report said.
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