By: Chen Cheng-wei and Frances Huang
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]