Tue, 14 Jul 2020

TAIPEI, May 27 (Xinhua) -- Consumer confidence in Taiwan weakened in May for four consecutive months, according to the survey released by the Research Center for Taiwan Economic Development Wednesday.

The Consumer Confidence Index (CCI) remained in the pessimistic range in May, dropping by 8.52 points to 64.87 points from April, the survey report said.

A reading between 100 and 200 points suggests optimism, while one 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.

All six sub-indexes fell in May. The sub-index for household economic conditions in the coming six months reduced the most by 10.5 points from a month earlier to 78.05, while the sub-index for consumer prices went down the least by 6.7 points to 35.25, the survey found.

All six sub-indexes remained below 100 points, the report said.

The survey, conducted from May 18 to 20, interviewed 2,840 sampled local consumers aged 20 and above via telephone.

More Taiwan News

Access More

Sign up for Taipei News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!