Description
China Consumer Confidence Index (CCI) is compiled and published by the National Bureau of Statistics (NBS) of China. This index measures consumers' subjective perceptions of the current economic situation, their outlook on the economy, income levels, income expectations, and consumer sentiment. It serves as a leading indicator for predicting economic trends and consumption behavior.
A reading above 100 generally indicates that consumers are optimistic about the economy and their financial situation, which may boost consumer spending, whereas a reading below 100 suggests pessimism about the economic outlook, potentially leading to reduced spending.