(Yicai Global) Oct. 16 -- The Shanghai Consumer Confidence Index bounced back to 122.5 in the third quarter, rising 4.1 points on the quarter and 4.6 points annually despite a worsening external economic environment.
The Consumer Evaluation Index was up 4.1 points from the previous quarter and 3.2 points from the year-ago period at 123.1, according to the latest data from the Shanghai University of Finance and Economics, which published the indexes every three months. The Consumer Expectation Index sat at 121.9, up 4 points from the second quarter and 6.2 points from a year earlier.
The key indicators showed a comprehensive recovery and all three were higher than in the first quarter survey, the university's Applied Statistics Research Center said.
It attributed this to a stable economy and employment in the city and the government's confidence external economic conditions worsening at the start of the third quarter and restricting domestic growth.
Editor: James Boynton