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MNI BRIEF: Taiwan Consumer Confidence Drops For Ninth Month

MNI (BEIJING)
MNI (Beijing)

Taiwan’s Consumer Confidence Index (CCI) declined for a ninth consecutive month amid weakening economic prospects, data released by the Research Center for Taiwan Economic Development (RCTED) on Thursday showed.

October’s CCI fell 1.37 points to 61.22 in October, delivering a y/y decline of 13.04 points. Consumers' domestic price level expectation for the next six months rose 0.3 points m/m to 27.2, and confidence in the overall economic situation fell 0.45 points from last month's survey to 78.45 points.

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Taiwan’s Consumer Confidence Index (CCI) declined for a ninth consecutive month amid weakening economic prospects, data released by the Research Center for Taiwan Economic Development (RCTED) on Thursday showed.

October’s CCI fell 1.37 points to 61.22 in October, delivering a y/y decline of 13.04 points. Consumers' domestic price level expectation for the next six months rose 0.3 points m/m to 27.2, and confidence in the overall economic situation fell 0.45 points from last month's survey to 78.45 points.

Keep reading...Show less