Taiwan's consumer confidence index (CCI) for this month rose by 1.11 points to 76.96 points from last month, mainly bolstered by optimism about the nation's stock market and the economic outlook for the next six months, according to a monthly survey released by National Central University yesterday.
The poll questioned 2,029 respondents over 20 years of age through phone calls between Feb. 18 and Feb. 22.
The indicator with the largest increase in confidence was the timing for investment in the stock market, which climbed by 2.10 points to 61.30 points compared to last month, the highest level since May last year, possibly due to the bourse's robust performance recently, according to the survey.
Confidence in economic prosperity for the next six months continued to rise, edging up by 1.30 points month-on-month to 76.40 points, the poll said.
Respondents were also positive about household finances and the job market in the next half-year, with the indicators increasing 1.05 points and 1 point to 73.95 points and 85.05 points, respectively.
Respondents also expect commodities to rise slightly, by 0.8 points to 56.95 points, the poll said.
Those polled also showed a willingness to buy durable goods, including houses, cars and large electric appliances, boosting the indicator by 0.40 points to 108.1 points from last month.
RSS