Taipei, June 27 (CNA) The local consumer confidence index (CCI) for June moved lower with sentiment toward the local equity market weakening in the month, a survey released by National Central University (NCU) showed Wednesday.
According to the survey, the June CCI fell 1.79 points from a month earlier to 83.82, with all six sub-indexes of the CCI declining and the sub-index on the stock market suffering the steepest fall.
The CCI fell for the third consecutive month to its lowest since October 2017, when the index stood at 83.34.
The CCI comprises six sub-indexes that reflect confidence in consumer prices, employment, family finances, economic climate, the stock market and possible purchases of durable goods over the next six months.
The June sub-index on equity prices fell 4.50 from a month earlier to 97.40, with the weighted index on the Taiwan Stock Exchange moving in consolidation mode since the beginning of the month, the survey found.
The survey showed the sub-index on employment dropped 2.15 points from May to 102.20, the second steepest drop among the six factors, while the sub-index on consumer prices fell third furthest with a month-on-month drop of 1.15 to 45.10.
The sub-index on purchases of durable goods dropped 1.10 from a month earlier to 90.55 in June, while the indexes on family finances and the local economic climate also moved lower by 0.95 and 0.90, respectively, to 86.40 and 81.25 in June, according to the survey.
According to NCU, a sub-index score of 0-100 indicates pessimism, while a score of 100-200 shows optimism.
In other words, the results show that only the sub-index on employment pointed to optimism over the next six months, the university said.
The survey, conducted from June 19-23, collected 2,650 valid questionnaires from local consumers aged 20 and over. It had a confidence level of 95 percent and a margin of error of plus or minus 2.0 percentage points, NCU said.
(By Pan Tzu-yu and Frances Huang)