Consumer sentiment index on the rise in China

10:43, April 15, 2010      

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A survey on the first-quarter index of consumer sentiment (ICS) for the Chinese mainland, Hong Kong, Macau and Taiwan was released by the Macau University of Science and Technology on April 12. The survey indicates that the first-quarter ICS for the afore-mentioned regions stood at 92.3, 88.1, 82.8 and 72.1 respectively.

Judging from the ICS trend over the past year, the ICS for the Chinese mainland, Hong Kong and Macau have begun to stabilize while the ICS for Taiwan has begun to increase as the global economy started to recover. The indices for the Chinese mainland, Hong Kong, Macau and Taiwan show that the main concerns of consumers all focus on commodity and housing prices.

The ICS and other sub-indices are composed of the index of current economic condition (ICEC) and the index of consumer expectations (ICE), which show consumers' evaluations on the current economic condition as well as their expectations for the coming three months. In the first quarter, the ICE of consumers in Chinese mainland, Hong Kong, Macau and Taiwan was 93.2, 89.5, 83.4 and 68.4, respectively.

Although the quarterly ICE showed a slow downward trend, the indices on the Chinese mainland, Hong Kong and Macao are all above the ICEC. In terms of sub-indices, most sub ICEs are higher than sub ICECs, showing an upward trend in the ICS of the three regions.

The survey was jointly conducted and published by the Institute for Sustainable Development under the Macau University of Science and Technology, the School of Statistics under the Capital University of Economics and Business, the School of Statistics under the Central University of Finance and Economics, the National Survey Research Center at Renmin University, the Management Science System Consultation Center at the City University of Hong Kong and the Department of Statistics and Information Science under Fu Jen Catholic University.

By People's Daily Online


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