CN Consumer Confidence

ANZ-ROY MORGAN CHINA CONSUMER CONFIDENCE

CHINA CONSUMER CONFIDENCE REMAINS STABLE DESPITE SLOWING GROWTH AND HOUSING MARKET UNCERTAINTY

HIGHLIGHTS

  • ANZ-Roy Morgan China Consumer Confidence Index remained stable at 152.5 in May, compared with 152.6 in April.
  • Consumer confidence varies in different cities. While Shanghai and Guangzhou remained upbeat, the sentiment in Beijing continued to trend lower. In China’s small and medium cities, consumer confidence generally saw an improvement.
  • The survey sees a clear declining trend of inflation expectation. In May, the respondents projected China’s price level will rise by 4.0% in the longer term, compared with 5.2% in January and 4.5% in April.
  • Short term confidence also eroded. The respective sub-index has declined 3.9 percentage points in May to 58.5, compared with 62.4 in April.

CN 201404 Consumer Confidence

Source: http://www.roymorgan.com/findings/5592-anz-roy-morgan-chinese-consumer-confidence-may-2014-201405210209 retrieved 25 May 2014