Tue, Sep 30, 2014 - Page 14 News List

Consumer confidence flat

Staff writer, with CNA

After reaching record highs in June and July, followed by a low last month, consumer confidence in Taiwan was almost flat this month, a survey released yesterday showed.

The latest consumer confidence index (CCI) compiled by the Research Center for Taiwan Economic Development at National Central University rose 0.10 points to 83.16 this month from 83.06 last month.

All six sub-indices showed minimal changes this month, within a margin of error of 2 percentage points.

Center director Dachrahn Wu (吳大任) said this month’s readings indicated that “the overall economic fundamentals are relatively quite good.”

Three of the sub-indices were higher this month than last month, with confidence in the job market seeing the biggest increase of 1.58 points, rising to 109.95.

Confidence in family finances rose 0.55 points to 76.85, while confidence in the domestic economy climbed 0.35 points to 77.75.

Meanwhile, confidence in the stock market’s prospects and domestic consumer prices both fell — the former by 0.7 points to 83.4 and the latter 0.45 points to 44.8.

The sub-index of confidence in durable goods purchases was also lower, falling 0.75 points, but remained above the level of optimism at 106.2. Scores of more than 100 generally indicate optimism, while those under 100 signal pessimism.

The telephone survey was conducted from Aug. 19 to Aug. 21.

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