Residents ' willingness to spend drops to 12 lows

Source: Internet
Author: User
Report (reporter Somaly Mam) yesterday, the central bank released a survey of the first quarter of the depositors reported that at current prices, interest rates and income levels, residents are more inclined to save, 14.2% tend to "more consumption", which was the lowest value since the 1999 survey. Data show that 85.8% of urban residents tend to save.  Among them, 44.2% preference "investment bonds, stocks, funds, etc." disguised savings, 41.6% preference "savings deposits." In all kinds of consumption, the residents buy car is still the main consumption hotspot, other consumption will not be flourishing.  Among them, the willingness to buy cars is 13.2%, the higher the survey has been, the willingness to consume large commodities and the willingness to travel are 25.7% and 22.6%, respectively, below 2.3 and 0.9%.  Previous figures showed that total retail sales of consumer goods rose 15.8% in January-February, compared with 19.1% in last year's December. The CICC study noted that housing turnover has shrunk since the second half of last year, which could lead to a fall in consumer demand derived from housing purchases, such as home appliances and decoration materials, which have seen a sharp decline in year-on-year growth in February.  But CICC said the government's policy of pushing for housing construction would push for real estate-related consumption, and that lower-middle-income households would be more likely to spend more and their disposable income would support consumption growth.  Industrial Bank chief economist Lu County (column) also pointed out that the rapid growth of income of towns, especially rural residents, will provide support for higher consumer stability, and remain cautious and optimistic about consumption growth this year. Hot spot over 70% residents find it hard to accept high house prices The survey by the central bank depositors showed that the residents thought the housing prices were too high and the effect was not optimistic.  74.4% of residents think the current level of housing prices is "too high to accept", is only lower than the second highest value of 75.5% at the end of the year. But this does not prevent residents from investing in real estate enthusiasm. The choice of "real estate investment" residents reached 25.1%, a 1% reduction from the end of last year, still preferred.  The other is "fund management products" 21.9%, "stock investment" 13.5%. "Analysis" Zhongyuan Real estate research director Zhang Dawei that restrictions on the purchase of investment and speculation, but from the introduction of restrictions on the purchase of time can be seen in the actual implementation of different places, some should be limited to buy the house prices too fast rising city, is still a soft landing state, which makes part two, Three-tier cities are likely to become the soft boards of the round. In addition, CPI continued high, continuous real interest rate is negative, investment channels difficult to absorb funds, but also to the property market regulation unprecedented pressure. (Somaly Mam) 15.4% residents in the next 3 months want to buy a house the central bank statistics show that in the next quarter, the residents of the desire to purchase 15.4%, a small decline from the end of last year. But the regulatory policy came as residents watched as the ratio of future house prices rose sharply from 43.3% last year's four quarter, with the expected rise (including "Rise" or "first drop") at just 30% per cent, close to last year'sThe second quarter's lowest point in recent years.  33% of residents forecast housing prices to be "stable", with nearly 20% holding "downward" expectations. "Analysis," Zhang Dawei said, the data changes to a certain extent reflects the respondents to the property market adjustment policy on the impact of housing prices, but also proved that the market will obviously start to wait, volume in the two quarter will continue to maintain the volume, and this will gradually start to show a significant promotion of the lower price. Since the first quarter, especially after the Spring festival, Beijing and other cities have been very obvious decline in turnover.  (Somaly Mam) residents ' expectations of higher prices have been reduced by the central bank statistics show that 66.9% of residents in the first quarter are hard to accept high prices, but residents ' expectations of future price increases are waning. CPI in January and February Rose 4.9% year-on-year.  Statistics show that in the first quarter the residents ' satisfaction with the price eased somewhat from the end of last year, while the price satisfaction index rose to 17.3%. Residents ' expectations of future price rises are waning, with future price expectations falling to 72.8%, down 8.9% from the previous quarter. Among them, the proportion of residents predicting rising prices in the next quarter was 47.1%, down 14.3% from the previous quarter, indicating a weakening of inflation expectations. Bankers expect the Somaly Mam of monetary policy "tightening" bankers to be different from residents. A survey of bankers, released yesterday by the central bank, found that 34.6% of bankers expect the economy to continue to heat up in the next quarter, with 59.1% of bankers thinking "normal" next quarter and 6.3% expected to be cold.  And 66.1% of bankers expect monetary policy to tighten in the next quarter, up 15.8% from the previous quarter. Recent reports by Deutsche Bank and Nomura and other investment agencies say inflation prevention is still the top priority of economic development. (Somaly Mam)

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.