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Taiwan consumer confidence waning: Cathay Financial

A poll published by Cathay Financial Holdings on Friday found that as of May confidence is waning among consumers, with many key indicators turning negative amid growing uncertainty.

According to the company’s economics research division, confidence is waning among the Taiwan public due to rising uncertainties over recent hot issues including the halted construction of the Fourth Nuclear Power Plant, ongoing tax reforms and anticipated inflation and rising cost of goods. Consequently, the index measuring sentiment on anticipated inflation rose to 86.2, with economic confidence among the public dwindling to minus 11.