Taiwan’s consumer confidence down for 4th consecutive month

Want China Times
Date: 2015-08-27

Taiwan’s consumer confidence weakened for the fourth consecutive month in August

A supermarket in Taiwan. (Photo/CNA)

A supermarket in Taiwan. (Photo/CNA)

amid concerns over an economic slowdown at home and abroad, a survey by National Central University showed Thursday.

The survey results echoed a move by the government to downgrade its forecast for Taiwan’s 2015 economic growth to 1.56% from an earlier estimate of 3.28% at a time when global investors fear slowing demand, in particular from China, the second largest economy in the world.

The survey indicated that Taiwan’s consumer confidence index (CCI) for August fell 3.43 points from a month earlier to 86.15, marking a fall for four months in a row, according to the university’s Research Center for Taiwan Economic Development.

All six sub-factors in the CCI which reflect how consumers feel about aspects of Taiwan’s economy over the following six months trended lower in August, according to the research center.     [FULL  STORY]

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