Taiwan’s consumer confidence index (CCI) has dipped 0.62 points to 79.56 points in August, according to the latest National Central University (NCU) consumer survey.
Consumer sentiment among Taiwanese continues its downward spiral, as the latest survey shows a downward trend in all six indicators featuring in the survey, including one’s perception of consumer prices, family finances, job prospects, future economic climate, local stock market, and durable goods purchase, according to media reports.
Among all six indicators, stock market sentiment has declined the most, down by 2.3 points from 73.1 points last month to 70.80 points in August.
Consumer confidence for durable goods purchase saw the second biggest decline in the index, falling 0.55 points to 88.95 this month, according to the survey.
The survey results reflect the anticipated weak economic prospects in Taiwan, overall pessimism in local stock market, and the loss of confidence in purchasing durable goods.
These downward readings also suggest that Taiwan’s consumers remain pessimistic about the overall state of the nation’s economy, said Chu Yun-peng from the Research Center for Taiwan Economic Development at NCU, according to a China Times report.
The survey was conducted among 2,416 adults between August 19 and 23.