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ANZ-Roy Morgan Hong Kong Consumer Confidence Rebounded in October

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 136.3 (up 2.3pts) in October. Confidence across all components of the survey rose this month.

  • In terms of personal finances now 39.7% (up 1.2ppts) of respondents said their families are ‘better off’ financially than this time last year, compared with 10.1% (down 0.7ppt) that said their families are ‘worse off’ financially.

  • Now 45.2% (up 1.3ppts) of respondents expected their families will be ‘better off’ financially this time next year, compared with 9.0% (down 1.8ppts) that expected their families to be ‘worse off’ financially.

  • Thinking of economic conditions in Hong Kong going forward, more than half of respondents, 56.7% (up 2.1ppts), expected Hong Kong will have ‘good times’ economically over the next 12 months, compared with 12.9% (down 0.2ppt) that expected ‘bad times’.

  • Now 56.8% (up 1.8ppts) of respondents expected Hong Kong will have ‘good times’ economically during the next five years and 13.9% (down 0.4ppt) expected ‘bad times’.

  • In October, 35.2% (up 0.7ppt) of respondents said now is a ‘good time to buy’ major household items in Hong Kong and only 6.0% (down 1.2ppts) said now is a ‘bad time to buy’ major household items.

  • Inflation expectations inched down to 3.5% (down 0.1ppt) in October.
ANZ’s Economist Louis Lam said:

“ANZ-Roy Morgan Hong Kong’s Consumer Confidence rebounded in October. Respondents are feeling more confident in their current and future financial situation as stock market rallied in October. In addition, confidence in the city’s economic outlook has remained buoyed, backed by solid employments. The unemployment rate has remained at around 3.3% since the beginning of the year, near the lowest level in over a decade, which will continue to provide support to domestic demand.

"However, external factors will continue to weigh on the economy, particularly the slowdown in China, which has already had a significant impact on Hong Kong’s tourism and retail industries. The future growth path of Hong Kong will largely hinge on the recovery of Mainland China’s economy. ”

ANZ-Roy Morgan Hong Kong Consumer Confidence Rating - October 2015 - 136.3

ANZ-Roy Morgan Hong Kong Consumer Confidence Rating - October 2015 - 136.3

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