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ANZ-Roy Morgan Taiwan Consumer Confidence Improved in June
June 23 2015
- Finding No.
Consumer Confidence Press Release
The monthly ANZ-Roy Morgan Taiwan Consumer Confidence Index is based on 1,000 telephone interviews conducted throughout Taiwan. Men and women aged 14 and over were randomly selected during the month of June 2015.
ANZ’s Senior Economist Raymond Yeung said:
- ANZ-Roy Morgan Taiwan Consumer Confidence rose to 96.1 (up 2.8pts) in June, as all sub-indices improved.
- In terms of personal finances now 7.8% (up 1.1ppts) of respondents said their families are ‘better off’ financially than this time last year compared to 30.7% (up 0.5ppt) that said their families are ‘worse off’.
- 14.1% (up 1ppt) of respondents expect their families will be ‘better off’ financially this time next year while 18% (down 2.7ppts) expect their families will be ‘worse off’ financially.
- 29.9% (up 1.6ppts) of respondents expect Taiwan will have ‘good times’ economically over the next 12 months, while 20% (down 1.6ppts) of respondents expect ‘bad times’ economically.
- Now just over a quarter of respondents, 27% (up 1.9ppts), expect Taiwan will have ‘good times’ economically during the next five years and just 16% (down 2ppts) of respondents expect Taiwan will have ‘bad times’.
- Only 11.2% (up 1.3ppts) of respondents say now is a ‘good time to buy’ major household items in Taiwan while nearly a quarter, 24.8% (down 1.2ppts), of respondents say now is a ‘bad time to buy’ major household items.
- The inflation expectations fell to 1.2% in June (down 0.4ppt).
“The result is not surprising. Taiwan’s jobless rate continued to hit the decade low in May and workers experienced an average salary rise of 2-3% from last year. The survey conducted by Ministry of Economic Affairs also indicates a possible rebound of export orders, signaling that external demand is bottoming out. Local sentiment remains upbeat.
"Given the current economic condition, we believe the central bank will keep interest rate on hold this week. As inflation remains low, there is no pressing need for the CBC to raise interest rate too soon. We believe that the first rate hike will happen only in March 2016.”
Click to view the latest ANZ-Roy Morgan Taiwanese Consumer Confidence Release PDF - June 2015.
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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.
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