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Nomura: CN Consumer Confidence Approaches All-time Low
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A year and a half after the reopening post-pandemic, coupled with the impact of the real estate downturn, China's consumer confidence index is still struggling to recover, Nomura released a research report saying. China's consumer confidence index fell from 86.2 in June to 86 in July, approaching the all-time low of 85.5 during the COVID-19 pandemic in November 2022. In addition, China's employment index stood at 71.6 in July, setting a new historical low. AAStocks Financial News |
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