Consumer confidence in Taiwan weakens in March

Source: Xinhua| 2020-03-28 13:50:34|Editor: huaxia

TAIPEI, March 28 (Xinhua) -- Consumer confidence in Taiwan weakened in March, according to the latest survey released by the Research Center for Taiwan Economic Development.

The Consumer Confidence Index (CCI) remained in the pessimistic range in March, dropping by 5.42 points to 78.51 points from February, according to the survey report published earlier this week.

A reading between 100 and 200 points suggests optimism, while one below 100 indicates pessimism.

The CCI consists of six sub-indexes measuring investment in the stock market, consumer prices, purchases of durable goods, employment opportunities, domestic economic outlook and household economic conditions in the coming six months.

All six sub-indexes fell in March. The sub-index for investment in the stock market reduced the most by 11.8 points from a month earlier to 53.7, while the sub-index for employment opportunities went down the least by 1.4 points to 85.25, the survey found.

Five of the six sub-indexes remained below 100 points while the sub-index for purchases of durable goods stood at 104.45.

The survey, conducted from March 19 to 23, interviewed 2,795 sampled local consumers aged 20 and above via telephone.

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