Retail in Asia

In Markets

Overall Chinese consumer confidence positive

Chinese consumer confidence dipped just 1 point to 106 in the third quarter as residents in first-tier cities were generally optimistic over employment and personal finance, Nielsen’s survey showed on Thursday.

Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively.

Consumer expectations for employment were stable at 66 percent, while their sentiment for personal finance shed 1 percentage point to 64 percent, according to the quarterly survey of 3,500 respondents in China.

(Source: Shanghai Daily)