Consumer morale drops to 9-month low
By Wang Yanlin |
July 9, 2013, Tuesday
|
Print Edition
Print Edition
CONSUMER confidence in Shanghai dropped to a nine-month low during the second quarter of this year due to a weaker domestic economy, fewer job opportunities and a sharp decline in the stock market, according to a survey yesterday.
The Index of Consumer Confidence shed 1.8 points from a year earlier to 103.2 in the three months ending in June, a study conducted by Shanghai University of Finance and Economics showed. A reading above 100 points to optimism.
The latest figure fell from 106.8 in the first quarter and 107.5 in the last quarter of 2012, indicating a continued loss of confidence among Shanghai consumers.
Xu Guoxiang, director of the university's Applied Statistics Research Center, said almost all component indices fell and urged more efforts to stabilize the economy.
"People show less confidence in the domestic economy, which has a huge impact on their willingness to spend," Xu said.
The component index revealed people's confidence in the economy fell 3.3 points from the previous quarter to 127.8. Following that, the index of conditions in the job market lost 13.1 points from the previous three months to 89.5 between April and June, the worst in four years.
The Index of Consumer Confidence shed 1.8 points from a year earlier to 103.2 in the three months ending in June, a study conducted by Shanghai University of Finance and Economics showed. A reading above 100 points to optimism.
The latest figure fell from 106.8 in the first quarter and 107.5 in the last quarter of 2012, indicating a continued loss of confidence among Shanghai consumers.
Xu Guoxiang, director of the university's Applied Statistics Research Center, said almost all component indices fell and urged more efforts to stabilize the economy.
"People show less confidence in the domestic economy, which has a huge impact on their willingness to spend," Xu said.
The component index revealed people's confidence in the economy fell 3.3 points from the previous quarter to 127.8. Following that, the index of conditions in the job market lost 13.1 points from the previous three months to 89.5 between April and June, the worst in four years.
- 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.
