Wed, Nov 28, 2007 - Page 12 News List

Consumer confidence down 2.69 points


The Consumer Confidence Index was down 2.69 points to 63.34 this month from last month's 66.03, with an overall decline in the index' six sub-items, National Central University's Research Center for Taiwan Economic Development said yesterday, citing figures from a recent poll.

Last month's reading was also the lowest since September 2001, when the index hit 58.09, the center said.

An indicator scoring between zero and 100 is classified as pessimistic, while 100 to 200 is considered optimistic.

The greatest decline was reported in the stock sub-item, which dropped 8.6 points from last month's 82.90, the center said.

The second-greatest decline was in the durable goods sub-item, with a 3.8 point drop from last month's 113.80.

The reading for durable goods was the only one among the six sub-items to obtain a score above 100.

"The fact that indices on price levels and whether it is a good time to buy stocks and durable goods have dropped signals a gloomy economy," Shia Ben-chang (謝邦昌), professor at the department of statistics and information science at Fu Jen Catholic University, said in a telephone interview yesterday.

The center conducted the poll among 2,307 people aged 20 and over from Nov. 20 to Thursday.

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