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China Consumer Sentiment Declines but Spending Intentions Improve: Survey

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Consumer sentiment in China eased in April after a sharp improvement in the previous month, although the buoyant outlook for spending suggested some stability in the world’s second-largest economy, a private survey showed Wednesday.

The Westpac MNI China Consumer Sentiment Indicator fell to 117.8 in April from 118.1 in March, Westpac said in a statement. Separately, official data showed an improvement in China’s industrial profits.

The decline was largely due to a fall in expectations of business conditions in a year’s time to 119.3 in April from 122.8 in March, the survey showed. Consumers were also less confident about the outlook for their personal finances.

CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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