Consumer confidence in China 2015-2019

In April 2020, the index for consumer confidence in China ranged at 116.4 points, down from 122.2 points in March 2020. The index performed a sideways movement during 2019.

Consumer confidence Index

The consumer confidence index (CCI), also called Index of Consumer Sentiment (ICS) is a commonly used indicator to measure the degree of economic optimism among consumers. Based on information about saving and spending activities of consumers, changes in business climate and future spending behavior are being projected. The CCI plays an important role for investors, retailers, and manufacturers in their decision-making processes. However, measurement of consumer confidence varies strongly from country to country. As consumers need time to react to economic changes, the CCI tends to lag behind other indicators like the consumer price index (CPI) and the producer price index (PPI).

Development in China

As shown by the graph at hand, confidence among Chinese consumers picked up since mid of 2016. In October 2017, the CCI hit a record value of 123.9 index points and entered into a sideward movement. Owing to a relative stability in GDP growth, a low unemployment rate, and a steady development of disposable household income, Chinese consumers gained more confidence in the state of the national economy. Those factors also contribute to the consumers’ spending power, which was reflected by a larger share of consumption in China’s GDP.

Consumer Confidence Index in China from April 2015 to April 2019

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Sources

Release date

June 2020

Region

China

Survey time period

April 2015 to April 2019

Supplementary notes

The source does not provide a precise publication date. Date given here represents the day of data access.

An index value above 100 indicates that consumers are optimistic in terms of their economic situation, a value below 100 indicates that the situation is assessed pessimistically.

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Statistics on "Consumer Price Index and inflation rate in China"

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