Taiwan News
Date: 2016-09-27
By: Tsai Yi-chu and Y.F. Low, Central News Agency

Taipei, Sept. 27 (CNA) Taiwan’s consumer confidence index (CCI) in September dropped to its lowest level in two years, reflecting uncertainty about Taiwan’s economic outlook, National Central University (NCU) said Tuesday.

The CCI for September was 78.66, down 0.90 points from a month earlier, according to a survey conducted by the university’s Center for Taiwan Economic Development asking Taiwanese consumers about their spending intentions and outlook for the coming six months.

The index consists of six indicators reflecting how much confidence people have in consumer prices, the job market, family finances, the overall economic climate, the stock market and the possible purchase of durable goods in the coming six months.

In September, two of the six sub-indexes moved up, but only slightly. The sub-index for family finances rose 0.1 point to 78.9, while the sub-index for the timing for durable goods purchases gained 0.05 points to 89.     [FULL  STORY]