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ANZ-Roy Morgan Hong Kong Consumer Confidence Climbs in May

The ANZ-Roy Morgan Hong Kong Consumer Confidence Index is based on interviews with 1,000 people per month and provides a robust, representative sample that is quota-controlled by gender and age.
HIGHLIGHTS

  • ANZ-Roy Morgan Hong Kong Consumer Confidence rose to 136.0 (up 2.5pts) in May, driven by an improved perception of economic conditions.

  • In terms of personal finances, 37% (down 2.3ppts) of respondents said their families are ‘better off’ financially than this time last year compared to 8.4% (down 2.2ppts) that said their families are ‘worse off’ financially.

  • About 42.4% (up 1.7ppts) of respondents expect their families will be ‘better off’ financially this time next year compared with 8.9% (up 0.7ppt) that expect their families to be ‘worse off’ financially.

  • On economic conditions in Hong Kong going forward, more than half of respondents, or 57.8% (up 2.1ppts), expect Hong Kong will have ‘good times’ economically over the next 12 months (a record high) compared with just 10.9% (down 2.0ppts) that expect ‘bad times’.

  • In addition, 57.1% (up 3.5ppts) of respondents expect Hong Kong will have ‘good times’ economically during the next five years (a record high) and just 11.8% (down 3.0ppts) expect ‘bad times’ (a record low).

  • Also, 31.9% (up 0.5ppt) of respondents say it is a ‘good time to buy’ major household items now in Hong Kong while only 6.2% (down 0.5ppt) say it is a ‘bad time to buy’ major household items.

  • Inflation expectations moderated to 3.5% (down 0.2ppt) in May.
ANZ’s Economist Louis Lam said:

“The rebound reflected the wealth effect driven by the rock-solid housing price and stock market. Households expressed firm confidence in personal finance and economic conditions. Their assessment of both short-term and long-term outlook reached new highs.

"With a bullish stock market and the expected launch of Shenzhen-Hong Kong Stock Connect, Hong Kong will continue to experience pressure of capital inflow. While we believe that Hong Kong’s Linked Exchange Rate System will remain intact, a potential shift in expectations of US rate normalisation could trigger massive market volatility. Policy makers should be vigilant to this development.”


ANZ-Roy Morgan Hong Kong Consumer Confidence Rating - May 2015 - 136.0

ANZ-Roy Morgan Hong Kong Consumer Confidence Rating - May 2015 - 136.0

Click to view the latest ANZ-Roy Morgan Hong Kong Consumer Confidence Release PDF - May 2015.


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Related Research Reports

The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.

You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.