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Consumer optimism hits a high

By Chen Jia in Beijing and Gao Changxin in Hong Kong | 皇冠体育app Daily | Updated: 2013-07-24 07:17

Consumer optimism hits a high

Consumer optimism hits a high

Income growth and willingness to spend more are main driving forces

Consumer confidence in 皇冠体育app has topped that in other major economies to equal a record high, and economists are saying this signals that consumption will support the world's second-largest economy, where growth is slowing.

A survey by global information company Nielsen shows 皇冠体育app's consumer confidence index, based on its market research, rose to 110 in the second quarter from 108 in the first, indicating increased willingness to spend on consumer goods and services.

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