Taipei, Taiwan's consumer confidence index (CCI) ended a three-month falling streak in January, with confidence in the stock market increasing the most, according to the results of a survey released Monday by National Central University (NCU).
The CCI for January rose 3.89 points to hit 83.63 -- the first growth since September -- the results of the survey made public by NCU's Research Center for Taiwan Economic Development (RCTED) show.
Apart from confidence in consumer prices, the CCI comprises five sub-indexes that reflect the public's confidence in employment, family finances, the local economic climate, the stock market and the possibility of purchases of durable goods over the next six months.
Based on the survey results, the stock market showed the highest increase, growing 19.30 points from the previous month to reach 93.80 in January.
As for the other sub-indexes, family finances, the economic climate and durable goods grew 1.95 to 88.60, 0.55 to 82.80 and 1.65 to 47.05, respectively.
Confidence in the employment sector was the only one to fall, dropping 0.30 points from December to 99.65.
The easing of tension in the United States-China trade disputes helped spur confidence in the local equity market, RCTED Director Dachrahn Wu explained.
This attributing factor was also reflected in Monday's stock market, which also breached the 10,000-point mark, Wu said, adding that the trend is in line with the RCTED survey results.
According to NCU, a sub-index score of between 0 and 100 indicates pessimism, while a score of between 100 and 200 indicates optimism.
The random telephone survey was carried out Jan. 19-23. It collected 2,702 valid samples from adults aged over 20 and had a margin of error of plus or minus 2.0 percentage points.
Source: Focus Taiwan News Channel