HK consumer confidence surges: survey

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Last updated at: (Beijing Time) Wednesday, February 18, 2004

HK consumer confidence surges: survey

Hong Kong's consumer confidence has hit a three-year high, according to a latest quarterly survey.

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Hong Kong's consumer confidence has hit a three-year high, according to a latest quarterly survey.

A market research conducted recently by ACNielsen illustrated that the Hong Kong people are now more optimistic about the economy than at any time since 1997, the Hong Kong-based South China Morning Post reported Wednesday.

The survey also found that people in Hong Kong are also more willing to splurge on big-ticket items, such as a new car or apartment than at any time since 2000.

Several factors contributed to the surging optimism, including a surge in the number of mainland visitors, falling unemployment rate and record-low interest rates in Hong Kong, according to the survey.

Source:Xinhua

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