IMPROVEMENT: The sub-index on purchases of durable goods rose 4.2 points to 96.1, implying that people were more positive about buying real estate, Dachrahn Wu said

Taipei Times
Date: Jul 28, 2020
By: Crystal Hsu / Staff reporter

Consumer confidence remained virtually flat this month, but people showed more interest in buying real estate and have regained modest confidence in stock investment, a National Central University survey showed yesterday.

The consumer confidence index rose 0.66 points from a month earlier to 69.43, as COVID-19 cases increased abroad, limiting a recovery in domestic demand, the survey found.

“The increase is statistically insignificant so a neutral reading is better advised,” said Dachrahn Wu (吳大任), director of the university’s Research Center for Taiwan Economic Development, which conducts the survey.

However, the sub-index on purchases of durable goods reported a meaningful increase of 4.2 points to 96.1, suggesting that people were more confident about buying real estate, Wu said.
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