Related News
Consumer confidence highest in a year
By Hu Xiaocen |
July 3, 2013, Wednesday
|
Online Edition
Online Edition
CHINESE consumer confidence rose modestly last month with sentiment improving over both current conditions and future expectations, Market News International (MNI), a unit of Deutsche Boerse Group, said in a report today.
The MNI China Consumer Sentiment Indicator, a monthly measure of consumer confidence in the country, increased to 97.3 in June from 94.4 in May, breaking out of a very narrow range that fluctuated at around 95 since last November and reaching its highest level since June 2012.
The rise in sentiment over current conditions and in future expectations was due in large part to a decreasing number of respondents complaining about situations worsening rather than seeing an improvement, according to the report.
Therefore the gain in Chinese consumer confidence may be short-lived. Also, the rising sentiment in June could be seasonal in nature, said MNI.
Consumers' willingness to buy a car recovered marginally after falling for two months.
Consumer attitudes in the real estate market fell for the second month in a row.
Sentiment over the stock market improved marginally but still fluctuated within a very narrow range.
The MNI China Consumer Sentiment Indicator, a monthly measure of consumer confidence in the country, increased to 97.3 in June from 94.4 in May, breaking out of a very narrow range that fluctuated at around 95 since last November and reaching its highest level since June 2012.
The rise in sentiment over current conditions and in future expectations was due in large part to a decreasing number of respondents complaining about situations worsening rather than seeing an improvement, according to the report.
Therefore the gain in Chinese consumer confidence may be short-lived. Also, the rising sentiment in June could be seasonal in nature, said MNI.
Consumers' willingness to buy a car recovered marginally after falling for two months.
Consumer attitudes in the real estate market fell for the second month in a row.
Sentiment over the stock market improved marginally but still fluctuated within a very narrow range.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
