Macau consumer confidence rises

Macau consumer confidence has risen slightly, with locals less wary of inflation.

Standing at 86.35 for the first quarter, the Macau Consumer Confidence Index (MCCI) has increased 3.26 per cent from the fourth quarter of last year.

Run by the Macau University of Science and Technology (Must), the index survey shows that five of the six sub-indexes in the study increased and one decreased. Individual index scores of less than 100 suggest a lack of confidence, while scores of 100 and more imply a positive outlook on the economy.

The “local economy” sub-index was 101.41, up by 1.87 per cent against the previous quarter. This indicates a slight drop in consumer pessimism toward the overall performance of Macau’s economy.

The “consumer prices” sub-index was 74.28, up 2.8 per cent compared, implying that consumers are less concerned about inflation.

The “employment” sub-index increased by 6.45 per cent to 106.74, representing the highest score of the six sub-indexes.

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