CHINA Taiwan's consumer confidence plunges in May

CHINA

Taiwan's consumer confidence plunges in May

Xinhua

20:17, May 29, 2022

TAIPEI, May 29 (Xinhua) -- The Consumer Confidence Index (CCI) of Taiwan declined by 7.07 points year on year to 67.81 points in May, a two-year low, according to a latest survey released by the Research Center for Taiwan Economic Development.

File photo: CGTN

The index dropped by 3.96 points from April, while all the six sub-indexes fell in May, said the survey report published this week.

The CCI consists of six sub-indexes measuring consumers' anticipation for six facets of the economy in the coming six months, including investment in the stock market, consumer prices and household economic conditions. A reading between 100 and 200 points suggests optimism, while one below 100 indicates pessimism.

The report reveals that the sub-index for investment in the stock market reduced most by 8.7 points from April to 32.9 points, followed by the sub-index for durable goods purchases dropping by 5.1 points to 114.8 points.


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