China Consumer Confidence

Consumer Confidence in China increased to 103.70 in April of 2013 from 102.60 in March of 2013. Consumer Confidence in China is reported by the National Bureau of Statistics of China. Historically, from 1991 until 2013, China Consumer Confidence averaged 110.20 reaching an all time high of 124.60 in September of 1993 and a record low of 97 in November of 2011. In China, the consumer confidence index is based on a survey of 700 individuals over 15 years old from 20 cities all over the country. This composite index covers the consumer expectation and consumer satisfaction index, thus measures the consumers' degree of satisfaction about the current economic situation and expectation on the future economic trend. The Index measures consumer confidence on a scale of 0 to 200, where 200 indicate extreme optimism, 0 extreme pessimism and 100 neutrality. This page includes a chart with historical data for China Consumer Confidence.

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Consumer Confidence | Notes

Consumer confidence is an indicator designed to measure the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people are about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. If consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy.






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