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Consumers less confident, survey shows
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CHINESE consumers' sentiment dipped in January as the outlook for jobs lowered despite improvement of personal finances outlook, a latest study shows.
The Westpac MNI China Consumer Sentiment Indicator dipped 0.3 percent from a month ago to 112.1 in January, the Australian bank and the German financial news company Market News International said in a joint report.
The figure is only slightly up from the record low seen on October 2014, and since January last year, the index has gone down altogether 8 percent.
Consumers' outlook for business conditions, labor market, and real estate all went lower in January.
Chinese consumers are more optimistic about personal finance over the coming year, thanks to a favorable policy stance and lower inflation level.
The attitudes toward real estate were also weaker due to minor fall in expectations for house prices and less percentage of respondents saying it's a good time to buy a house.
The surveyed covered 1,000 domestic respondents aged between 18 and 64.
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