Taiwan Consumer Confidence Climbs 2.97 Points to 65.05 as Oil Eases and Stocks Hold Near Highs
Updated
Updated · 台北時報 · Jun 30
Taiwan Consumer Confidence Climbs 2.97 Points to 65.05 as Oil Eases and Stocks Hold Near Highs
2 articles · Updated · 台北時報 · Jun 30
Summary
Taiwan’s consumer confidence index rose 2.97 points month on month to 65.05 in June, its highest level since March, according to National Central University’s survey.
All six subindexes improved, led by stock-investment sentiment, which jumped 7.84 points to 29.9, as easing US-Iran tensions, crude near US$70 a barrel and a resilient TAIEX lifted views on prices and household finances.
Dachrahn Wu said sentiment had largely recovered to levels seen before the recent Middle East flare-up, with lower energy costs helping offset inflation pressure even as heavy rain could raise vegetable prices.
Economist Yau Ruey warned the rebound may be fragile because the June 18-21 survey was taken before last week’s market pullback and any renewed Fed tightening expectations could hit equities and next month’s readings.
Despite the rebound, all six subindexes remained below the neutral 100 mark, showing consumers still broadly pessimistic about Taiwan’s economic outlook.