In Markets

Chinese consumer confidence climbs 3 points in Q1

Consumer confidence in China in the first quarter climbed 3 points from a year ago but remained at the same level as in the prior three-month period, a latest study suggests.

The Chinese Consumer Confidence Index stood at 111 points in the first quarter, higher than the global average of 96, boosted by healthy growth of disposable income for both rural and urban residents, market research firm Nielsen said on Tuesday.

Nielsen said sales of fast-moving consumer goods in the Chinese market climbed 8 percent in the first three months this year, higher than the 6 percent increase in the same period of last year.

(Source: Shanghai Daily)

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