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.