Despite various economic indicators showing signs of improvement, confidence in the local economy has fallen according to a survey released by Cathay Financial Holding Co. on Monday.
The survey revealed that November optimism indexes toward the economy today and over the next six months fell to -27.3 and -22.1 respectively, the lowest levels in three months.
The optimism index toward durable goods purchases over the next six months dropped to -23.7, the lowest level this year, while the optimism index for stock investment was down to -31.3, the survey found.
Asked about the factors most likely to impact the performance of Taiwan's stock market next year, 38.2 percent of respondents pointed to the government's financial and economic policies and 36.1 percent mentioned the speed and scale of U.S. interest rate hikes.
Of the potential risks to Taiwan's economy next year, 47.8 percent cited the government's financial and economic policies, while 25.7 percent mentioned the outcome of the U.S. presidential election.
Only 20 percent of respondents identified China's economic situation as a risk factor.
The survey was conducted via e-mail to 18,713 customers of Cathay United Bank and Cathay Life Insurance from Nov. 1 to 7.
Source: Focus Taiwan News Channel