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Consumer confidence in Taiwan weakens in November

(Xinhua)    09:24, December 02, 2019

TAIPEI, Dec. 1 -- Consumer confidence in Taiwan weakened in November due to lower expectations of the local job market and stock market performance, according to the latest survey released by the Research Center for Taiwan Economic Development.

The Consumer Confidence Index remained in the pessimistic range in November, weakening by 0.6 points to 80.37 points from October, according to the survey report published earlier this week.

A reading between 100 and 200 points suggests optimism, while below 100 indicates pessimism.

The CCI consists of six sub-indexes measuring investment in the stock market, consumer prices, purchases of durable goods, employment opportunities, domestic economic outlook and household economic conditions in the coming six months.

Two of the six sub-indexes fell in November. The sub-index for employment reduced 8.35 points from a month earlier to 79.25 and the one for the stock market went down 7.1 points to 54.5, the survey found.

Five of the six sub-indexes remained below 100 points while the sub-index for purchases of durable goods reached 109.05, up 3.65 from October.

The survey, conducted from Nov. 19 to 23, collected 2,812 valid questionnaires from local consumers aged 20 and above.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Wen Ying, Bianji)

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