ecns [expanded by feedex.net]: Consumer confidence hit, report says

ecns [expanded by feedex.net]

ecns

Consumer confidence hit, report says
http://www.ecns.cn/business/2013/07-09/72302.shtml
Jul 9th 2013, 07:48



2013-07-09 16:48 chinadaily.com.cn


Fluctuating financial markets and increasing inflation have led to dropping consumer confidence, according to the Bankcard Consumer Confidence Index, which was jointly released by the Xinhua News Agency and China UnionPay.


The June index dropped 0.87 percentage points month-on-month, and 1.11 percentage points year-on-year.


The index tracks consumption expenditure on non-necessities.


The A-share market plunge in June has significantly impacted consumer willingness to spend on non-essential items, the report said.





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