Bankcard holders鈥 morale suffers downturn
Print Edition
THE confidence of China’s bankcard holders dipped in May for the first time in three months as slower public spending curbed expenditure on non-daily necessities.
The Bankcard Consumer Confidence Index shed 0.71 from a month ago to 84.71 points last month because more people drove their own vehicles during the Labor Day holiday instead of booking through travel agencies, China UnionPay, the country’s sole bankcard transaction company, said in a report yesterday.
Consumer spending at travel agencies dropped 8.15 percent from a month ago, and expenses on railway tickets also shrank 8.15 percent.
State-owned companies have curbed business travel-related expenses, and expenditure at hotels dropped 2.36 percent from a month earlier.
UnionPay also added that spending on high-end leather goods slowed, although expenditure at department stores picked up.
Weak purchasing managers’ index figures in May and the sluggish property market have hit consumer morale over the past month, UnionPay said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
