Chinese consumers’ confidence continued to rise in 2016 according to Mastercard Index of Consumer Confidence. The outlook in China (80.8, +4.8) continues to increase due to improvement across all five components, with Stock Market (+9.1) contributing the most to the increase.
Hong Kong saw more than 10 point improvements while Taiwan saw more than 10 point decreases.
India tops the index as the most optimistic market in Asia Pacific, followed by Myanmar, Vietnam, Philippines and Bangladesh. Overall, consumer confidence in Asia Pacific continues to hold steady, showing stability (within +/- 5 points from the last survey) in nine out of 17 markets.
Mastercard Index of Consumer Confidence Data – H2 2016
|H2 2016 Current Status||Change from last half (H1 2016)|
|Asia Pacific||60.9||Optimistic||1.2||Stable +|
|Australia||46.5||Neutral –||4.2||Stable +|
|China||80.8||Very Optimistic||4.8||Stable +|
|Hong Kong||42.2||Neutral –||10.1||Significant Improvement|
|India||95.3||Extremely Optimistic||-2.4||Stable –|
|Japan||43.0||Neutral –||5.0||Stable +|
|New Zealand||62.2||Optimistic||6.8||Some Improvement|
|Philippines||91.6||Extremely Optimistic||-3.6||Stable –|
|Vietnam||92.3||Extremely Optimistic||-2.5||Stable –|
|Myanmar||92.8||Extremely Optimistic||-7.0||Some Deterioration|
|Bangladesh||82.8||Very Optimistic||11.2||Significant Improvement|
|Sri Lanka||40.1||Neutral –||2.1||Stable +|