Consumers keep bankcards in pocket
By Ding Yining |
July 10, 2013, Wednesday
|
Print Edition
Print Edition
CONFIDENCE among China's bankcard owners fell for a third month in June as it was affected by a poor stock market performance and weakening sentiment due to an uncertain economic outlook, a latest industry report shows.
The Bankcard Consumer Confidence Index dipped 0.87 from May and fell 1.11 from a year ago to 85.56 points, China UnionPay, the country's sole bankcard transaction firm, said in a report yesterday.
Consumption by bankcard holders at department stores and home appliance retailers dropped, the report said.
Their expenditure at home appliance retailers dipped 0.5 percent from May due to fewer property transactions. Spending at general department stores also fell 0.19 percent from a month earlier.
The report said sluggish financial market performance last month also squeezed consumers' spending on non-daily necessities while manufacturing output has weakened in the past few months.
The Bankcard Consumer Confidence Index dipped 0.87 from May and fell 1.11 from a year ago to 85.56 points, China UnionPay, the country's sole bankcard transaction firm, said in a report yesterday.
Consumption by bankcard holders at department stores and home appliance retailers dropped, the report said.
Their expenditure at home appliance retailers dipped 0.5 percent from May due to fewer property transactions. Spending at general department stores also fell 0.19 percent from a month earlier.
The report said sluggish financial market performance last month also squeezed consumers' spending on non-daily necessities while manufacturing output has weakened in the past few months.
- 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.
