Hong Kong Consumer Confidence Index Ranks Lowest in Greater China
Xu Wei
/SOURCE : Yicai
Hong Kong Consumer Confidence Index Ranks Lowest in Greater China

(Yicai Global) Jan. 9 -- The consumer confidence index in Hong Kong was the lowest in Greater China in the fourth quarter of last year, China News Service reported, citing surveys schools in the region conducted.

Mainland China ranked highest with 105.1 points on a scale from 0 to 200, where a score below 100 indicates a "lack of confidence" and ones above that mark signify "confidence." Macao, Taiwan and Hong Kong scored 88.1, 87.5 and 86.8, respectively. Hong Kong was the only region whose score decreased, dropping 3.4 percent.

The consumer confidence index is a subjective evaluation of consumers based on aspects of the economic situation and expectations. City University of Hong Kong interviewed 1,005 adult locals for its survey.

Sub-indexes for economic development, living situations and employment in Hong Kong were over 100. The one for living situations was the highest at 110.6.

The former British colony scored below 100 for sub-indexes covering prices, apartment buying, and investments and stocks. The flat purchasing score was 36.8, marking a low since the survey's introduction in 2009 and a 16 percent quarter-on-quarter decline.

Housing prices in Hong Kong hit a new high at the end of last year. Conditions will make dropping difficult for them this year, per market predictions. 

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Keywords: Hong Kong , Consumer Confidence Index