Shanghai鈥檚 consumer index at 2-year low
Print Edition
CONCERNS over global and domestic economic recovery dragged consumer confidence in Shanghai to a two-year low in the second quarter of the year, a survey showed yesterday.
The Index of Consumer Confidence in Shanghai, a quarterly gauge compiled by Shanghai University of Finance and Economics, shed 8.7 points from the first quarter to 109 points, the lowest since the second quarter of 2014.
A reading above 100 points signals optimistic economic outlook.
Xu Guoxiang, director of the university’s Applied Statistics Research Center, said the combined impact from weaker-than-expected domestic economic indicators, uncertainties arising from Britain’s decision to leave the European Union, and the weak stock market and the yuan exchange rate have clouded consumer hopes for economic recovery and willingness to spend money.
In order to boost consumer confidence, Xu said Shanghai should encourage private investment, increase financial support for the private sector, and continue to upgrade the services sector.
But a separate Index of Investor Confidence by the university rose 6.21 points from the first quarter to end positively at 104.14 points.
Institutional investors showed a sharp rise in investment confidence while that of individual investors remained pessimistic, according to the survey.
- 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.
