Q2 confidence above global average
By Ding Yining |
August 2, 2012, Thursday
|
Print Edition
Print Edition
CHINA'S consumer confidence in the second quarter of this year stayed above the global average despite the decline in confidence reading due to a slowdown in income expectation in lower-tier cities.
The Consumer Confidence Index released yesterday by Nielsen stood at 105, down from 110 in the first quarter but still 14 points above the global average of 91.
The survey covered more than 3,500 Chinese consumers and polled more than 28,000 consumers in 56 countries and regions on the global level.
Confidence among first-tier city consumers jumped the most, gaining 6 points to 107.
"In first-tier cities, service sector job growth boosted consumer confidence on job expectations," commented Yan Xuan, president for Nielsen's China operations.
Income expectation was also higher among first-tier city residents due to lower inflation.
The Consumer Confidence Index released yesterday by Nielsen stood at 105, down from 110 in the first quarter but still 14 points above the global average of 91.
The survey covered more than 3,500 Chinese consumers and polled more than 28,000 consumers in 56 countries and regions on the global level.
Confidence among first-tier city consumers jumped the most, gaining 6 points to 107.
"In first-tier cities, service sector job growth boosted consumer confidence on job expectations," commented Yan Xuan, president for Nielsen's China operations.
Income expectation was also higher among first-tier city residents due to lower inflation.
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