Latest News:  
Beijing   Light rain    21 / 13 ℃  City Forecast

English>>China Business

China's consumer confidence weakens in Sept.

(Xinhua)

08:03, October 16, 2012

BEIJING, Oct. 15 (Xinhua) -- Chinese consumers, particularly those with bank cards, showed slightly less confidence in consumption in September due to an unfavorable economic situation and holiday factors, according to an index released Monday.

The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News Agency and China UnionPay, a national bank card association, dropped 0.41 point from August and 0.54 point year on year to 85.8 points in September.

The report said consumer confidence was dampened by the unfavorable macroeconomic situation and the arrival of the Chinese traditional Mid-Autumn Festival in the month, which pushed up food consumption but reduced consumption of other non-essential items.

The official purchasing managers' index (PMI) improved to 49.8 percent in September from 49.2 percent in August, but was still below the 50-percent threshold that demarcates expansion from contraction, leading consumers to worry about a continuous slowdown.

The report said the country's consumer confidence is likely to recover in the next few months as the economy stabilizes and the government intensifies its efforts to support domestic consumption.

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. PLA photography exhibition "General's feelings"

  2. Frontier sentry post in northeast China

  3. Zero distance to North Korea's modern life

  4. Cold-resistant subway train carriage delivered to Harbin

  5. China launches Long March 2C carrier rocket

  6. Record M2 growth signals recovery

  7. Odds on, Macau's got plenty to offer

  8. Chinese basketball player poses for magazine

Most Popular

Opinions

  1. Pending CNOOC-Nexen deal puts West in hotseat
  2. Editorial: Endangered green growth
  3. Nobel committee should reflect on booing sounds
  4. Commentary: The case for Huawei in US
  5. No joke, China job creator for US
  6. Commentary: Regulating shadow banking
  7. Editorial: Targeted auto support
  8. Japan should admit dispute over Diaoyu Islands
  9. Telecom firms' business mutually beneficial
  10. US never recognizes Japan's claim over Diaoyu

What's happening in China

Graduates willing to take less for first position

  1. Famous clothing brands condemned for pollution
  2. Speeding police car kills mother and boy
  3. Patriotism charter attracts 50 mln signatories
  4. 6 killed in NE China building collapse
  5. Armed drug addict shot dead, hostage saved