Taiwanese consumer confidence fell in May

According to the latest Research Center for Taiwan Economic Development poll, Taiwan’s Consumer Confidence Index (CCI) fell 7.07 points year on year to 67.81 points in May, a two-year low.

According to the survey report released this week, the index declined 3.96 points from April, while all six sub-indices plummeted.

The CCI is made up of six sub-indices that measure consumers’ expectations for six aspects of the economy over the next six months, including stock market investment, consumer pricing, and household economic situations.

A rating of 100 to 200 points implies optimism, whereas a reading of less than 100 indicates pessimism.

According to the research, the sub-index for stock market investment fell by 8.7 points from April to 32.9 points, followed by the sub-index for durable goods purchases, which fell by 5.1 points to 114.8 points.