The findings of a survey conducted by the private Macau University of Science and Technology (MUST) show that Macau’s consumer confidence has risen significantly in the second quarter this year, with the sub-index of the Consumer Confidence Index’s (CCI) “Investment in Stocks” standing at 111.48 (out of 200), an increase of 14.77 percent over the previous quarter.
The results of the survey about Macau’s Consumer Confidence Index (CCI) for the second quarter were released in an MUST statement yesterday.
The index values range from 0 (absolutely no confidence) to 200 (complete confidence), with a benchmark of 100 meaning “neutral”. A value below the benchmark indicates “little confidence”, while a value above 100 means “having confidence”.
According to the findings, the overall CCI for Macau residents in the second quarter was 104.22, 9.74 percent higher than in the previous quarter, and all of the six sub-indices increased as well.
The findings show that the sub-index for “Standard of Living” was 105.40, an increase of 12.59 percent, indicating that consumers have become more optimistic about their living standards; the sub-index for “Employment” was 104.09, an increase of 11.31 percent from the previous quarter, indicating that consumers were more optimistic about their employment prospects; and the sub-index for “Price Level” was 92.97, up 8.07 percent from the previous quarter (86.03), suggesting that consumers in the second quarter had a relatively stable outlook on current and future price trends.
Meanwhile, the sub-index for “Home Purchases” was 94.18, up 7.17 percent from last quarter, suggesting that consumers were more optimistic about buying a flat, while the sub-index for “Local Economy” was 117.18, an increase of 4.95 percent compared to the previous quarter, suggesting that consumers continued to be more optimistic about Macau’s economy, according to the findings.
