Consumer confidence in Taiwan weakens

Focus Taiwan
Date: 2015/05/27
By: Chen Cheng-wei and Frances Huang

Taipei, May 27 (CNA) Taiwan’s consumer confidence index (CCI) fell in May amid 201505270024t0001cautious sentiment toward the local economic climate, a survey released by National Central University showed Wednesday.

The survey indicated that the CCI for May fell 1.29 points from a month earlier to 91.64. The April figure was the highest ever recorded since the university’ Research Center for Taiwan Economic Development started the survey in January 2004.

The drop in consumer confidence came after the government on May 22 downgraded its forecast for Taiwan’s 2015 economic growth by 0.5 percentage points to 3.28 percent, citing weaker global demand and domestic consumption.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.