China News Service, Beijing, April 8 (Reporter Zheng Qiao) The cross-strait, Hong Kong and Macao consumer confidence index for the first quarter of 2022 was released in Beijing on the 8th. The mainland (mainland) consumer confidence index was 102.9, ranking first; Hong Kong, Macau and Taiwan were 79.3, 74.5 and 91.4 respectively.
Compared with the fourth quarter of 2021, the mainland (mainland), Macau, and Taiwan consumer confidence indexes decreased by 2.9, 1.3, and 2.3, respectively, and the Hong Kong consumer confidence index increased by 8.7.
The Consumer Confidence Index is the subjective evaluation and psychological expectation obtained by consumers after comprehensively judging all aspects of the economic situation.
The value ranges from 0 to 200, with less than 100 indicating that the respondent is "not confident" and above 100 indicating "confidence".
The index includes six sub-indices of economic development, employment, prices, living, home purchases and investment.
The survey showed that the mainland (mainland) consumer confidence index was in the optimistic range.
Judging from the various sub-indices, consumers' confidence in economic development, employment and life continued to remain in the optimistic range.
Among them, prices, house purchases, and confidence in life remained stable with small changes.
Economic development and employment confidence have seen a relatively obvious correction from the previous high level, and investment confidence has not changed much year-on-year, but has decreased significantly month-on-month.
In Hong Kong, the general index of consumer confidence has increased significantly compared with the previous quarter. Citizens' confidence in prices, living, investment, house purchase and employment have all increased. Among them, price confidence has risen the most, with an increase of more than 30%.
However, in absolute terms, the values of all sub-indices are below 97, reflecting that Hong Kong consumers have not yet regained confidence in various areas and are most worried about economic development.
In the first quarter, the general index of consumer confidence in Macau continued the decline of the previous quarter, with six sub-indices "five down and one up", only the home buying confidence rose, the overall index and each sub-indices were in the "low confidence" range.
Surveys in Taiwan show that people are most confident in investment, and the most worrying thing is price levels.
The survey and compilation of the Consumer Confidence Index was completed by Capital University of Economics and Business, City University of Hong Kong, Macau University of Science and Technology and Fu Jen Catholic University in Taiwan.
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