Fri, Jan 27, 2006 - Page 5 News List

Consumer confidence down since May last year

By Jackie Lin  /  STAFF REPORTER

Local consumer confidence decreased slightly in contrast to two thirds of the surveyed nations which showed an increase, according to the ACNielsen Global Consumer Confidence Index released yesterday.

Taiwan's confidence index decreased from 83 points in May last year to 80 points in November, while the global average index jumped from 92 to 98 during the same period.

The latest biannual poll surveyed over 23,500 regular Internet users in 42 markets between Nov. 7 and Nov. 25 last year to gauge their confidence levels in the local economy, job prospects and personal finances for the next 12 months.

The survey shows that Taiwanese consumers are most worried about the economy, with 64 percent of respondents expressing concern in this regard, an increase of 11 percent from the last poll.

Perhaps as a result of the political turmoil caused by the local elections last month, 37 percent of Taiwanese respondents said they are most worried about political instability, trailing only the Philippines (42 percent) and Poland (39 percent) in this regard.

Some 33 percent of Taiwanese worry that they might lose their jobs in the next six months, the survey said.

The world's most optimistic consumers live in the Asia-Pacific region and North America, the survey showed. Indians remain the most bullish with a confidence index of 132.

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