The Consumer Confidence Index (CCI) of Taiwan has declined for six consecutive months and plunged to 63.05 points in July, according to a survey report released on Wednesday by the Research Center for Taiwan Economic Development.The CCI consists of six sub-indexes measuring consumers' anticipation for six facets of the economy in the coming six months, including employment opportunities, consumer prices, and domestic economic outlook. A reading between 100 and 200 points suggests optimism, while one below 100 indicates pessimism.Five out of the six sub-indexes fell in July, while the sub-index for consumer prices slightly rose, according to the report. Notwithstanding this, most of the respondents in the survey held a pessimistic attitude toward Taiwan's inflation in the future.The report also reveals that the sub-index for Taiwan's economic outlook dropped by 1.4 points to 79.55 points in July, a new low since June 2020. The sub-indexes for the domestic economic outlook and for employment opportunities fell to 74.35 points and 63.7 points respectively.The Consumer Confidence Index (CCI) of Taiwan has declined for six consecutive months and plunged to 63.05 points in July, according to a survey report released on Wednesday by the Research Center for Taiwan Economic Development.The CCI consists of six sub-indexes measuring consumers' anticipation for six facets of the economy in the coming six months, including employment opportunities, consumer prices, and domestic economic outlook. A reading between 100 and 200 points suggests optimism, while one below 100 indicates pessimism.Five out of the six sub-indexes fell in July, while the sub-index for consumer prices slightly rose, according to the report. Notwithstanding this, most of the respondents in the survey held a pessimistic attitude toward Taiwan's inflation in the future.The report also reveals that the sub-index for Taiwan's economic outlook dropped by 1.4 points to 79.55 points in July, a new low since June 2020. The sub-indexes for the domestic economic outlook and for employment opportunities fell to 74.35 points and 63.7 points respectively.
