Consumer confidence index flat in Q3

Advanced Search

The story appears on

Page A10

November 10, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Consumer confidence index flat in Q3

By Ding Yining | November 10, 2016, Thursday |

Print Edition

CHINESE consumer confidence index was flat at 106 in the third quarter from the second quarter, according to market research firm Nielsen’s latest survey.

“China’s economy is generally in good shape and on track for stable economic growth as it restructures,” said Yan Xuan, president of Nielsen China. “The stable consumer confidence index further proves that Chinese consumers are adjusting to the new economic trend.”

Six out of 10 Chinese respondents were confident about their personal finances and as many as 58 percent of consumers were also upbeat about job prospects in the coming year. Another 49 percent believed now is a good time to spend.

“China may experience some short-term pains during its economic transformation, but the country’s new economy is vibrant and new businesses are booming with new growth momentum accumulating,” the report said.

The consumer confidence index in east China has been climbing steadily from 117 since the first quarter of this year to 120 in the third quarter, the highest level in two years.

The same trend appeared in the index for West China, from 95 in the first three months to 98 in the third quarter amid favorable policy support from the government.

The consumer confidence in second-tier and third-tier cities also climbed as employment recovered there.

Economy

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

Consumer confidence index flat in Q3

Email this to your friend