Thursday , 7 November 2024
Home Forex Morgan Stanley says consumer confidence in China continues to gradually slide lower
Forex

Morgan Stanley says consumer confidence in China continues to gradually slide lower

Morgan Stanley AlphaWise Consumer Pulse Survey in late September, with 2,000 consumer respondents.

In summary:

  • 49% of consumers expect the Chinese economy to improve in the next six months, down from 55% in June
  • 13% to get worse, +1%
  • 38% said they expect the economy to stay the same, +5%

Household spending intentions:

  • 25% of consumers expect to spend more in the next quarter, -3% from june
  • 10% expect to spend less, +2%

Morgan Staley call for better stimulus:

  • “Our China economists believe the weakening consumer sentiment points to a need for further consumption stimulus to help alleviate the deflation spiral”

Yellen was on the same path on Tuesday:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan yen intervention official closely watching market moves with high sense of urgency

Atsushi Mimura is Japan's vice finance minister for international affairs, AKA 'top...

Japan September wages data – real wages -0.1% y/y

Japan wages data shows that 'real' wages, ie after adjustment for inflating...

USD/CAD extends upside to near 1.3950, Fed rate decision in focus

The USD/CAD pair extends the rally to near 1.3940 during the early...

GBP/USD backslides in broad-market Greenback rally

GBP/USD tumbled back below the 1.2900 handle on Wednesday as markets splurged...