Confidence drops
Print Edition
CHINESE bankcard holders’ confidence dipped in April after lower manufacturing and service PMI figures last month hurt consumer sentiment.
The Bankcard Consumption Confidence Index shed 0.46 points from a month ago to 80.62 points, a poll by China UnionPay showed yesterday.
Expenditure at restaurants and entertainment venues dropped 8.73 percent from a month ago while jewelry spending slumped 16.37 percent.
Spending on transport, including airplane and rail tickets, sank 22.83 percent in April from a month earlier.
The average expenditure at supermarket chains rose 0.83 percent from a month ago due to higher prices of food.
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