Hong Kong's consumer confidence soared 17.7% in the third quarter

Source: Internet
Author: User
Keywords Consumer confidence
Tags consumer consumer confidence double-digit economic economic recovery economic situation economy financial
BCC Hong Kong November 4 News of the financial tsunami haze is receding, the stock market is good, the economic recovery is gradually becoming, stimulating consumer sentiment and confidence in Hong Kong. Hong Kong Wen Wei Pao News, a covering 54 countries in the world, a survey of consumer confidence among more than 30,000 respondents found that Hong Kong's consumer confidence index surged from 79 in the 2nd quarter to 93 in the 3rd quarter, rebounding to 17.7%, the highest in the world, with double-digit increases in investment, tourism and shopping intentions. Respondents who are interested in investing in stocks or funds have surged from 6% to 47%, the locomotive that led the index to rise.  However, some economists cautioned that the uncertainties surrounding the economic situation in Europe, the United States and Japan, and the uncertainties of the external factors, may put Hong Kong's future economy at risk. The Nelson survey company visited more than 30,500 online clients in 54 countries or regions in the world from the end of September this year to October, including 500 Hong Kong people, with an index of 200 points at the highest level.  According to the survey, the consumer confidence index in Hong Kong rose to 79 points in the 2nd quarter of this year at 70 points in the first quarter. Up to 93 points in the 3rd quarter, the increase was as high as 14 points (17.7%), and all the countries surveyed were also well above the global increase of 4 points (4.9%). The survey found that the Hong Kong people surveyed were becoming more optimistic about their personal finances over the next 12 months, and that the percentage of the ideal situation rose from 43% in the 2nd quarter to 56% in the 3rd quarter, and that the proportion of those who were happy to spend money was also up from 32% to 39%. The survey also showed that although the 71% of Hong Kong people surveyed will spend some of their spare money on savings after deducting the necessary expenditure on daily life, as many as 47% of the respondents will be investing in stocks or funds, which is 41% higher than the 2nd quarter, and the number of respondents travelling abroad has surged from 6% to 39%;  The share of entertainment and the purchase of new technology products has also increased substantially by 18%-28%. The survey also found that the BRICS countries (mainland China, in India, Russia and Brazil, the consumer confidence index recorded an increase in two consecutive quarters, with the mainland's consumer confidence index at a high level, rising from the 100 mark in the 2nd quarter of this year to 101 points in the 3rd quarter and 4 consecutive times higher than Hong Kong  , and the global economy rose from 82 to 86 points. Hong Kong's consumer confidence index has continued to decline since the second half of 2007 and rebounded in the past 6 months, according to Le Shide, managing director of Nielsen.  The result reflects the optimism of the public towards employment and consumer confidence, and the tendency of Hong Kong people to save, which will increase the consumption of travel and shopping as the economy returns steadily. Hong Kong Nielsen Guest Director Liang Liming explained that the consumer confidence index in Hong Kong has a V-shaped rebound because Hong Kong is an international financial centre, and after 20,000 points, the market has been very helpful to the confidence of the public, and in addition to Hong Kong's export-oriented economy, the mainland and other economies have a succession of economic stimulus programmes, has also increased consumer confidence in Hong Kong. However, she added: "The people of Hong Kong are more than willing to spend on shopping, but they will still be ' priced ', soThe outlook for the consumer market in Hong Kong remains cautiously optimistic.  According to economist Guan, Hong Kong has stepped into the 3rd quarter of the recession, the economy has gradually recovered, the stock market and property prices have been booming, and the public is also optimistic about the economic outlook. He expected the economic growth of Hong Kong in the 4th quarter to be 2.5%, to 4.5% in the first half of next year, but the economic situation in Europe, the United States and Japan had not been satisfactory, and the external factors were causing worries to the Hong Kong economy.
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