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Taiwan's consumer confidence up in December

Taiwan's consumer confidence up in December

Taipei, Dec. 29 (CNA) Taiwan's consumer confidence rose in December, indicating more positive sentiment toward local economic fundamentals, a survey conducted by National Central University showed Monday. The local consumer confidence index (CCI) for December rose 2.95 points from a month earlier to 86.36, according to the survey conducted by the university's Research Center for Taiwan Economic Development. All six CCI sub-indexes -- confidence in employment, the local business climate, family finances, consumer prices, the timing for investing in the equity market and the timing for buying durable goods -- showed signs of improvement. Confidence in the timing for investing in the equity market showed the biggest increase of 6.10 points to 87.9, while the smallest increase was in the timing for buying durable goods, up 0.40 points to 112.20. Consumer confidence in employment and the timing for buying durable goods tend to be optimistic, and confidence in the remaining four sub-indices tend to be pessimistic. Confidence in employment has been optimistic for the 45th consecutive months. The survey was conducted Dec. 19-22 via telephone interviews among 2,432 randomly selected people aged over 20. It had a margin of error of plus or minus 2.0 percentage points. (By Chen Chen-wei and Lilian Wu)


Updated : 2021-08-04 10:52 GMT+08:00