Date
28 May 2017
Consumer confidence in Hong Kong has taken a hit from worries about housing. It slipped to its lowest since the fourth quarter last year. Photo: Bloomberg
Consumer confidence in Hong Kong has taken a hit from worries about housing. It slipped to its lowest since the fourth quarter last year. Photo: Bloomberg

Greater China consumer confidence slips

Consumer confidence in the Greater China region fell across the board in the third quarter, according to a survey.

It slipped to 81.7 in Hong Kong, 81.6 in Macau, 84 in Taiwan and 97.2 in mainland China out of a maximum of 200 points, Sky Post reports, citing the survey by the City University of Hong Kong.

Housing was the biggest concern for Hong Kong, dragging consumer confidence down 4.2 percent from the previous quarter.

It was the lowest since the fourth quarter of 2014.

The survey interviewed 1,001 people 18 and above who generally live in Hong Kong.

The housing consumer confidence index came in at 48.3, the lowest among six sub-categories which include consumer prices, stock investment, living conditions, employment and economic development.

However, it was up 11 percent from the previous quarter, indicating a modest rebound.

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