China News Service, February 21. According to Taiwan's "Economic Daily" report, Taiwan Cathay Financial Holdings announced the results of the public economic confidence survey on the 20th, which showed that in February 2024, Taiwan's stock market optimism continued to rise and risk appetite rose simultaneously, creating more than two consecutive highs. Not only that, people’s willingness to buy and sell houses has also continued to rise for three consecutive months, with the index of willingness to buy and the index of willingness to sell hitting new highs in more than two years and the past two years respectively.
Schematic diagram of Taiwan stocks. Image source: Taiwan's "United Daily News"
According to reports, the latest survey results of Taiwan's Cathay Financial Holdings showed that the international stock market fluctuated and rose in February this year, stock market optimism continued to rise, and risk appetite increased simultaneously. As the financial reports of major markets during the survey period were better than market expectations, the international stock market fluctuated and rose. The public optimism index for Taiwan stocks continued to rise, rising from 16.6 in January to 19.9, a new high in more than two years; the risk appetite index simultaneously increased from 16.2 It rose to 21.1, a new high in the past three years since June 2021.
According to the report, people’s willingness to buy and sell houses has continued to increase for three consecutive months, with the willingness to buy house index rising from -45.5 to -40.9, a two-year and three-month high, and the willingness to sell houses also rising from -11.5 to -7.3. In the past two years, High Point.
Taiwan's "General Accounting Office" estimates that Taiwan's economic growth rate in 2024 will be 3.35%, and the inflation rate in 2024 will be 1.64%. Survey results show that the public's average expectation for Taiwan's economic growth rate in 2024 falls at 2.65%, which is only 44%. % of the people believe that the economic growth rate will be above 3% in 2024; the average inflation expectation of the people in 2024 is 2.21%, and 55% of the people believe that the inflation rate in 2024 will be higher than 2%. Compared with Taiwan's "General Accounting Office", the public is more conservative about economic growth in 2024, and their expectations for inflation are relatively high.
Taiwan's optimism index for people's business outlook fell slightly, while consumption willingness improved. Taiwan's "National Development Council" announced the December boom policy signal to maintain a yellow-blue light, with leading indicators (including "manufacturing business climate test points", "export order trend index", "stock price index", etc.) and concurrent indicators (including "wholesale, retail and "Catering industry turnover", "manufacturing sales index", "non-agricultural sector employment", etc.) all increased. The results showed that the public optimism index for the current economic situation rose from 4.7 to 7.2, and the outlook optimism index fell slightly from 9.8 to 9.5. , all maintained at recent highs. The large-amount consumption willingness index and the durable goods consumption willingness index improved simultaneously, rising from 12.2 to 13.8 and rising back from -8.7 to -8.1 respectively. Among them, the large-amount consumption willingness index reached a new high since December 2021.