Westpac MNI China Consumer Sentiment for July: +1.9% m/m
to 114.5
- prior was 112.3
-
Comments via MNI:
- Chinese consumers were more upbeat in July
- Broad based improvement evident
- The pull back in equities having no material impact on overall consumer confidence
- Sentiment is now roughly back at the level recorded a year ago, just before concerns about the housing market and the economy began to surface
- Consumer confidence has trended down from that point, culminating in October's trough
- Since then, confidence has generally improved, barring a setback in April, and hasn't had a negative month since that poor start to Q2
--
Yeah, that's a pretty good result given the collapse in the stock market
