China News Service, Beijing, October 9th (Reporter Zheng Qiao) The third quarter of 2020, the cross-strait, Hong Kong and Macao consumer confidence index was released in Beijing on the 9th. The mainland (Mainland) consumer confidence index was 104, ranking first; Hong Kong ranked first. At the end, it was 57.4; Taiwan and Macau were 93.5 and 69 respectively.
Compared with the second quarter of 2020, the mainland (Mainland) and Taiwan consumer confidence indexes increased by 1.4 and 0.4, respectively, while Hong Kong and Macau fell by 8.8 and 2.5 respectively.
Consumer confidence index is the subjective evaluation and psychological expectation of consumers after comprehensive judgment on all aspects of the economic situation.
The value is between 0 and 200. A value lower than 100 indicates that the respondent is "not confident", and a value higher than 100 indicates "confidence."
The index includes six sub-indexes of economic development, employment, prices, living, house purchase and investment.
The mainland (Mainland) consumer confidence index is in an optimistic range and has rebounded.
From the perspective of sub-indices, consumers' confidence in economic development, employment and life has rebounded significantly and remained in an optimistic range; investment and housing confidence indexes have generally remained stable; price confidence has remained stable year-on-year and has declined month-on-month.
Survey data from Taiwan shows that people remain optimistic about purchasing durable goods, and the most worrying thing is the price level.
The Hong Kong Consumer Confidence Index fell by 13.3% from the previous quarter, and all sub-indices declined.
Among them, the decline of confidence in house purchase, investment and life all exceeded 13%.
The total index of Hong Kong this quarter was the third lowest since the index was released in 2008, but it was up 8.7% year-on-year.
In Macau, the six sub-indices "two up and four down", except for prices and confidence in life, the other four sub-indices all declined.
Among them, employment confidence dropped by 12.14% from the previous quarter, a record low since the release of the index in 2008.
The survey and compilation of the Consumer Confidence Index was completed by the Mainland (Mainland) Capital University of Economics and Business, Central University of Finance and Economics, City University of Hong Kong, Macau University of Science and Technology, and Fu Jen Catholic University in Taiwan.
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