China Consumer Sentiment Declines but Spending Intentions Improve: Survey

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.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.