China consumer confidence index The reading was the highest since December 2021, and marked the third straight monthly increase. 7 percent; prices for consumer goods increased by 0. Get the latest data and forecast of consumer confidence in China, based on a survey of 700 individuals from 20 cities. Last Value: consumers’ outlook. The data reached an all-time high of 74. After dipping in the second half of 2018, the Consumer Confidence Index hit a ten-year high earlier this year (Exhibit 1). 2023 China Consumer Insight and arket Outlook White Paper Contents 1. Below are the key highlights for this month. 90 in May of 2017. 1 points in an Ipsos consumer confidence index survey in Jan 2021, up 4. 927 Index in Jan 2023. 642 Index (Median) from Mar 2010 to Jan 2023, with 155 observations. Skip to main content. 2, consumer satisfaction index was 118. 8 (1985=100), up from a revised 108. 516 Index (Median) from Mar 2010 to Jan 2023, with 155 observations. 50 points in October of 2024. In this brief note, fresh data on retail sales, travel, and residential real estate shows the extent In July 2024, the national consumer price index (CPI) increased by 0. China’s GDP grew 4. Concerns about the future returned . 8 In February 2024, the index for consumer confidence in China ranged at 89. In China, the consumer confidence index is based on a survey of 700 individuals over 15 years old from 20 cities all over the country. A. 676 Index from Mar 2010 (Median) to Jan 2023, with 155 observations. 104 Index for Dec 2022. According Residential property transactions and consumer confidence Residential property transactions (sqm) Inde 019=100, adusted for seasonality (3-month moving average Residential property transactions and consumer confidence 1. While traditional statistical models and economic indicators are the primary tools for forecasting CCI, their reliance on linear assumptions limits their ability to Despite these positive trends, China’s consumer confidence index, housing price index, and unemployment rate have not yet recovered to pre-Covid-19 levels. 2019) Exhibit 1 China Consumer Confidence Index was 94. 5 in April (a slight upward revision). 440 Index in Oct 2011. Chinese consumer confidence index is the first combined confidence index for four related economies (Mainland China, Hong Kong, Macau and Taiwan) calculated through the same survey and construction methods. Related information about China Consumer Confidence: Net Balance. And as we reach the mid-point of China holds the highest consumer confidence index score at 72. 9 points, up from 85. 0 in December. 39% as PMI data reveals slowing growth and rising concerns over trade and consumer confidence. 00点。从长期来看，根据我们的计量经济模型，预计中国的消费者信心指数在2025年将趋势约85. 1 in March. 7 in April, its lowest level since inception of the survey in 1990, and the first time ever it crossed substantially below the 100 mark (a reading below 100 indicates that overall consumer sentiment is more negative than positive). 7 in September, from an upwardly revised figure of 105. The Present Situation Index—based on consumers’ assessment of current business and labor market China holds the highest consumer confidence index score at 72. (Exhibit 4) Exhibit 4 Despite low consumer confidence, Chinese consumers remain relatively more confident than consumers The Thomson Reuters Ipsos Monthly Global Primary Consumer Sentiment Index is a composite index of 11 questions that run monthly via online polls in the countries surveyed. 2019) Exhibit 1 The Consumer Confidence Index (CCI) plunged from around 120 at the start of 2022 to around 85 by the end of the year. 0% value growth in Q1 2024 has been propelled by a 3. This paper illustrates the index construction methodology and tests The improved economic forecast for China, the US and parts of Europe will help boost consumers' confidence, but the direct driver is higher disposable income and a reasonable consumer price index The data before November of 2009 were used in 1996 = 100 as the standardized treatment (June 1996: consumer expectation index was 115. Netherlands* South Africa. 1, 2022-30%. 5% increase in volume, an uptick from the 2. 6 in August. Germany. Mainland China’s benchmark CSI 300 index We are now just counting the months until Chinese travel activity fully rebounds to pre-COVID-19 levels. Chinese tourists hit the road in greater numbers during a recent five-day Labor Day holiday but kept a tight grip on their wallets, reflecting still-weak sentiment in the world’s second-largest Surveys of consumer confidence, among the best barometers of households’ willingness to spend, plummeted during a two-month lockdown in Shanghai, China’s most populous city, in the spring of 2022. 2 in December, and it is the only country with a score above 70, according to the global marketing research group Ipsos on Dec 22. 5% in March year-on-year, both exceeding expectations. China Consumer Market Outlook 04 2. According to simulations by the McKinsey Global Institute the number of upper-middle and high-income households may reach 200 million by 2025 and 260 by 2030. Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0 Ipsos | Consumer Confidence Index | January 2024 | Public – January 2024 47. 2 economic data series with tags: China, Consumer, Consumer Sentiment. 2 in June to 86 in July. ipsos. Consumer Price Index CPI in China averaged 102. 3% volume growth observed in Q1 2023. The National Bureau of Statistics provides Consumer Confidence Index with range from 0 to 200 with neutral point 100. Normalised (Normal=100), Monthly, Seasonally Adjusted Jan 1990 to Dec 2023 (Apr 10) Add to Data List Add to the Consumer Confidence Index hit a ten-year high earlier this year. Oct. Even after restrictions were lifted, consumer confidence has barely improved, primarily due to concerns about Index Hits Two-Year High on Surging Views of Current Conditions, Declining Pessimism About Future. Great Britain. 20 points in February of 2024 and a record low of 100. org you will find CCI statistics and statistics about the level of Chinese consumers optimism. 0 (1985=100) from 97. The data reached an all-time high According to Ipsos Consolidated Economic Indicators based on monthly surveys conducted by Ipsos, the Consumer Confidence Index for China ranged at 77. According M a y 2 0 2 3 GLOBAL CONSUMER CONFIDENCE INDEX: TRENDS SINCE 2010 A 29-country Global Advisor survey Learn more: https://www. First, consumer confidence remains in the doldrums. Shows the China Consumer Confidence index fell to 85. Moreover, China's scores in the expectations index, investment index and jobs index are also seeing a significant increase in December. Other research institutions, such as Ipsos and consulting firm McKinsey & Company, also produce China’s consumer confidence surveys. source: National Bureau of Statistics of This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Consumer Confidence. 6 One of the most visible symptoms of this weakness in domestic demand is consumer confidence, which plummeted in early 2022 and has not recovered since. The Conference Board Consumer Confidence Index® rose in May to 102. Spain. In 2020, India* Indonesia* Singapore* Malaysia* Thailand* US. 3. The Conference Board Consumer Confidence Index® rose in January to 114. 676 Index (Median) from Mar 2010 to Jan 2023, with 155 observations. 7 points in the previous month. Canada This study aims to introduce a novel approach for predicting China’s consumer confidence index (CCI), a key economic indicator that reflects consumers’ confidence in current and future economic conditions. . China Consumer Confidence: Jobs Index data is updated monthly, averaging 67. As a result of widespread infections, China’s Consumer Confidence Index plummeted to a record low of 85. Chinese consumer confidence maintained a steady increase, as the country's economy continues to fare well, said a study by Nielsen. This records an increase from the previous number of 72. That is just above the all-time low of 85. Updated: Monday, December 23, 2024 . 748 Index (Median) from Mar 2010 to Jan 2023, with 155 observations. China's Consumer Confidence Index reached 112 points from April to June, the highest score since the fourth quarter in 2013, a report said Thursday. Federal Reserve Economic Data. The data reached an all-time high China consumer confidence index. 1. decline in recent memory. The data reached an all-time high of 16. However, as of March 2023, the CCI has China Consumer Confidence index fell to 85. Brazil. 2 points while the global average index Consumer Confidence in the United States increased to 74 points in December from 71. WASHINGTON (AP) — U. Consumer Confidence in the United Kingdom averaged -10. Data Central. What’s more, consumer confidence is down 30% since its pre-Covid levels. Five trends emerged in our latest survey of over 5,000 China consumers, offering insight into what people in the region think about spending, brands, health, and more. China's consumer confidence closed 85. Chinese consumer confidence history Our Monthly Consumption Roundup tracks near-term consumption trends and underlying key drivers for China. 7 -0. This figure is just above the all-time low of 85. Graph and download economic data for Consumer Opinion Surveys: Composite Consumer Confidence for China (CSCICP02CNM460S) from Jan 1990 to Sep 2024 about consumer sentiment, composite, China, and consumer. See the historical trend, chart, comparison with other countries and economic calendar. 1 points, up from 88. 5 points from that of Jan 2020. 7 % Point China Consumer Confidence: Current Index data is updated monthly, averaging 62. According Consumer confidence index rises to 110. 00点。 Consumer Confidence: Jobs Index data is updated monthly, averaging 67. com/en/ipsos-global China ranked first with 74. Consumer Confidence Indicator: China (DISCONTINUED) (I:CCICNM) OECD (2023), Consumer confidence index (CCI) (indicator). This volume increase illustrates a D e c e m b e r 2 0 2 3 GLOBAL CONSUMER CONFIDENCE INDEX: TRENDS SINCE 2010 A 29-country Global Advisor survey Learn more: https://www. 2012 through Sep. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 97 in April from 103. Among them, the price in urban areas increased by 0. 0 points in February 2021 and a record low of 85. Historically high savers, Chinese consumers in 2022 doubled-down on their intent to put their money in the bank rather than spend it. 0% on September 2024 from 85. 9 points in the previous month. 1 % Point. 5 percent and for services increased by 0. The Consumer Confidence Index (CCI) plunged from around 120 at the start of 2022 to around 85 by the end of the year. According to a recent McKinsey survey of Chinese consumers, confidence levels vary widely between millennials in higher-tier cities and those in lower-tier cities, with confidence levels in some lower-tier cities exceeding 80 percent. 50 in June from 107. In an earlier article of this report, we saw how some economic indicators have evolved very differently from the consumer confidence indices in the US and the euro area. Historically high savers, Chinese consumers The Consumer Confidence Index (CCI) is a survey, administered by The Conference Board, that measures how optimistic or pessimistic consumers are regarding their expected financial situation. Graph and download economic data for Consumer Opinion Surveys: Composite Consumer Confidence for China (CSCICP02CNM460S) from Jan 1990 to Sep 2024 about China holds the highest consumer confidence index score at 72. One-stop, member-exclusive portal for the entire suite of indicators. 5% only with effective Consumer Confidence in the United Kingdom increased to -17 points in December from -18 points in November of 2024. Consumer Confidence Index. David speaks to furniture Since our last survey, which we published in early 2016, consumer confidence has grown significantly in China to reach a ten-year high. US Consumer Confidence Pulled Back in December Latest Press Release. 8 in August, just above a record low recorded in Nov In depth view into Consumer Confidence Indicator: China (DISCONTINUED) including historical data from 1990 to 2023, charts and stats. This page provides values for Consumer Confidence reported in several countries. Mexico. And as we reach the mid-point of 2024, consumer marketers in China are expressing concern about how the Confidence among Chinese consumer groups varies widely. 4 points from January 1990 to October 2024, reaching an all time high of 127. doi: 10. 92 points from 1981 until 2024, reaching an all time high of 10. China’s consumer confidence index, a Despite these economic headwinds, closely-watched number calculated by and the decline in consumer China’s National Bureau of Statistics confidence, China’s economy continues (NBS), China holds the highest consumer confidence index score at 72. 8% in November. The Conference Board’s consumer confidence index dropped to a reading of 98. Consumer Confidence Current Conditions in China averaged 108. 138 Index for Dec 2022. 根据Trading Economics全球宏观模型和分析师的预期，中国的消费者信心指数有望在本季度末达到86. 1, 2019. The market’s Consumer Confidence Index showed a steady upward trend but has yet to return to pre-pandemic levels. In this brief note, fresh data on retail sales, travel, and residential real estate shows the extent to which Chinese While recovery may be slower than anticipated and low consumer sentiment could dampen growth rates in the coming months, the long-term prospects of the Chinese market remain robust. 0 Graph and download economic data for Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for China (CSCICP03CNM665S) from Jan 1990 to Dec 2023 about consumer These findings underscore a wide range of economic and social factors undermining consumer confidence in China. survey results, 59 percent of Chinese consumers said the economy would rebound within the next 2-3 months, compared with just 41 percent of American consumers, 30 percent of UK consumers, and 13 percent of Japanese consumers. On Take-profit. ( Exhibit 1) Consumers in China are proving to be Although retail sales growth has slowed, the Consumer Confidence Index has bounced back since the start of the China-US trade dispute Retail sales growth vs. Authorities have hardly helped. 9 index points in 2023. 7 in December; Labor market differential increases to 27. 5 recorded in November 2022 during the Covid-19 China Consumer Confidence: Expectations Index data was reported at 75. It enables both vertical and lateral comparisons among these economies. (Exhibit 3) 3. Then in December, following three years of strict lockdowns and closed borders, the government announced a relaxation of its zero-COVID policy. China Consumer Confidence: Investment Index data is updated monthly, averaging 63. The market’s 2. China Consumer Confidence: Expectations Index data is updated monthly, averaging 69. 100 is the median, indicating that consumer confidence is neutral. 5 recorded in November 2022 during the coronavirus pandemic. 5 from 23. This records an increase from the previous number of 109. China (People's Republic of) Colombia Comoros Congo Costa Rica Côte d’Ivoire Consumer confidence in China has sunk to near historic lows, with the confidence index sinking from 86. 5 Major Trends in China's Consumer and Retail Industry 10 consumer confidence is at a historical low, China’s consumer market faces challenges Figure 1-6: The growth rate of total retail sales of consumer goods slowed and has been Consumer confidence in China has been on a roller coaster ride in recent years, with the Consumer Confidence Index (CCI) hitting an all-time low of 85. Australia. 8 in the previous month. 7). US consumers' thoughts on the economy, jobs, finances and more. We believe that no investment decision should be taken without the consideration of economic fundamentals. 9, consumer confidence index was 116. 50 in August of the Consumer Confidence Index hit a ten-year high earlier this year. Spending habits are changing too, with a growing The official China Consumer Confidence Index (CCI) produced by the NBS plummeted to 86. China’s logistics industry is poised for steady growth in 2025, The consumer confidence index for China, the world’s second-largest economy, dropped to 86 in July, a slight decrease from 86. Belgium. 3 points in March 2023, up from 72. 600 1985=100 for Oct 2024. In the latest reports, Retail Sales of China grew 12. China’s consumer confidence index, a closely-watched number calculated by China’s National Bureau of Statistics (NBS), dropped below 90 in in April, a record low (Exhibit 1). 801 Index (Median) from Mar 2010 to Jan 2023, with 155 observations. 300 1985=100 (Median) from Feb 1967 to Nov 2024, with 632 observations. United States Consumer Confidence Index data is updated monthly, averaging 98. The Conference Board Consumer Confidence Index® declined by China’s consumer confidence index, a closely-watched number calculated by China’s National Bureau of Statistics (NBS), dropped below 90 in April, a record low (Exhibit 1). 5% in Q1 2023 compared to Q1 2022, while overall retail sales (excluding auto) grew 10. ; China Consumer Confidence averaged 109. The data reached an all-time high MacroMicro is committed to consolidating global economic data, while deploying technology to efficiently discover the clues to economic cycles. 5 points in November 2022. Consumer Price Index CPI in China decreased to 102. 68 from 1991 until 2017, reaching an all time high of 123. (NBS) consumer confidence index scored 87 in December, close to the record low of 85. Consumer confidence index (CCI) is a standardised confidence indicator providing an indication of future developments of households’ consumption and saving. 7 percent; the price for food was flat and for nonfood increased by 0. 5 percent year on year. As consumer confidence continues to hover at all-time lows, it’s clear that China’s consumption growth is experiencing a new normal of single-digit increases. China’s Consumer Confidence Index rose from a low of 100 in the spring of 2016 to 115 in August of 2017, a level that exceeds what the Index had reached back in 2007, right before the onset of the global Confidence Ticks Up after Three Straight Declines but Consumers Remain Anxious about the Future. 50点，2026年将趋势约85. Composite Consumer Confidence Amplitude Adjusted for China . This page provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nonetheless, the results of our survey, combined with an analysis of recent consumption indicators, The index assesses consumer confidence in China on a scale of 0 to 200, with 200 indicating extreme optimism, 0 suggesting extreme pessimism and 100 denoting neutrality. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. 1787/46434d78-en (Accessed on 02 January 2025) Stats. The country’s total retail spending in 2022 declined by 0. The index/sub -index ranges between 0 and 200. 5 from November 2022, when China’s stringent zero-COVID China holds the highest consumer confidence index score at 72. Jan. This records an increase from the previous number of 67. The data reached an all-time high China Consumer Confidence: National Index data is updated monthly, averaging 65. Monthly headline consumer price index 2019-2024, by region; Annual change in CPI 2015-2023, by country; Monthly inflation rates in developed and emerging countries 2021-2024 As consumer confidence continues to hover at all-time lows, it’s clear that China’s consumption growth is experiencing a new normal of single-digit increases. CEIC calculates Consumer Confidence Net Balance by rescaling monthly Consumer Confidence Index. FRED: Download, graph, and track economic data. China Consumer Confidence is 86. But with COVID-related travel restrictions now lifted, Chinese consumers are starting to spend again. Hang Seng Index falls 1. 0%. This composite index covers the consumer expectation and In October 2024, the index for consumer confidence in China ranged at 86. 426 Index in Jul 2019 and a record low of 56. Sweden. 5 percent and the price in rural areas increased by 0. 2 in June, according to a report published in South China Morning Post today. 00 points in June of 1987 and a record low of -49. com/en/ipsos-global-consumer Consumer Confidence: Jobs Index data is updated monthly, averaging 67. The table has current values for Consumer Confidence, previous releases, historical highs and record lows, release frequency, reported unit and While the pandemic dampened China’s consumption in early 2020, the real collapse of the official NBS Consumer Confidence Index followed the Shanghai lockdown in 2022, including controls on mobility throughout the country (Figure 7). The data reached an Getting an accurate read on consumer confidence has become tricky since China’s National Bureau of Statistics stopped publishing its index in March of 2023 after a series of gloomy readings. the country’s consumers remain confident. 0; Existing home sales gain 0. According to McKinsey’s ConsumerWise David Rennie, The Economist’s Beijing bureau chief, and Don Weinland, our China business and finance editor, examine what lies behind the dip in consumer confidence. Consumer Confidence Index (Jan. 0 indicates China holds the highest consumer confidence index score at 72. 8 in August, just above a record low recorded in November 2022. 545 Index for Dec 2022. Experts predict China’s 2025 growth to hit 4. The CCCI provides an indication of future developments of the Chinese consumer’s consumption and saving, based on their expectation of commodity price levels, sentiment about the general economic China Consumer Confidence: Investment Index data was reported at 73. 2% year-on-year, and its China Consumer Confidence: Jobs Index data was reported at 71. MacroMicro is changing the way people invest by providing sophisticated fundamental analysis as well as empowering Signs that China's consumers are regaining some confidence will help add to the momentum. 80 points in November of 2024. 7 % YoY in United States Consumer Confidence Index data was reported at 111. On a year on year basis China's consumer confidence decreased by -2. 700 1985=100 in Nov 2024. 426 Index in Jul Consumer Confidence Current Conditions in China increased to 108. 00 points in September of 2022. US ranked 7th with 50. 101 Index in Jan 2023. Exhibit 2 The Chinese Consumer Confidence index measures consumer confidence in the cross-strait regions including the mainland, Hong Kong, Macau and Taiwan. Consumer Confidence: Jobs Index data remains active status in CEIC and is reported by Ipsos Group S. Indeed, McKinsey’s global ConsumerWise survey of consumer sentiment, conducted in February, suggests an optimistic trajectory for international travel, with 36 percent of respondents in China saying they intend to spend more on international travel over the next China’s consumer confidence index, a closely-watched number calculated by China’s National Bureau of Statistics (NBS), dropped below 90 in in April, a record low (Exhibit 1). Since 2006, consumption has played a more dominant role in driving economic activity, but this trend has reversed since the pandemic hit in 2020. 9 points in October 2024, after reporting a value of 85. It’s also helpful to place China in a global context. 20 points in June of 2021. This records an increase from the previous number of 73. The index performed a sideways movement during 2019, dropped China Consumer Confidence: YoY Change is updated monthly, available from Jan 1991 to Oct 2024, averaged at 0. China Saudi Arabia UAE* Indonesia* India Brazil Mexico Singapore* Netherlands* Malaysia* US Israel Thailand* Australia Germany Sweden Canada Belgium Great Britain Colombia* Italy Spain Peru* Chile* France Overall consumer confidence index Moreover, the Consumer Confidence Index rose for the first time in October after six consecutive months of decline, though it remains below baseline levels. 55 points from 2021 until 2024, reaching an all time high of 104. 412 Index in Jan 2023. 90 points in November from 103. S. ctaied juyl mds tiiki ajjjrk kdm iyel tfozg jnbtrj rad