Shanghai Financial Research: Shanghai Consumer Confidence Index Picked Up In The First Quarter

According to the latest survey results of Applied Statistics Research Center of Shanghai University of Finance and Economics, the consumer confidence index of Shanghai in the first quarter of 2011 was 106 points, an increase of 3.8 points.

After reaching the peak in the fourth quarter of 2009, the index continued to decline in the first quarter of 2010, indicating a slight increase in the first quarter of this year, indicating that consumer confidence in economic development has been enhanced.

According to the survey, the consumer assessment index of Shanghai in the first quarter was 106.8 points, an increase of 3.6 points from the previous quarter, up 0.3 points from the same period last year.

Consumer expectations index was 105.2 points, an increase of 3.9 points, down 6.4 points over the same period last year.

Prof. Xu Guoxiang, director of Applied Statistics Research Center of Shanghai University of Finance and Economics, pointed out that although a series of uncertain factors affecting economic development are gradually emerging, policies and two sessions of topics that are full of people's livelihood and the introduction and settlement of various macro-control policies and measures have improved consumers' confidence in the economic development of the first quarter.

Among the data, what is worth paying attention to is Shanghai.

According to the report, in general, consumers' consumption ability declined and purchase intention declined significantly as prices rose faster and tax rates on vehicle and ship increased.

Therefore, in the face of the complexity and uncertainty of the current economy, the macroeconomic regulation and control policies of the state must continue to develop the economy, and at the same time, we must put the overall level of stable prices in a more prominent position.

Shanghai University of Finance and Economics's Applied Statistics Research Center pointed out that the main reason for the overall increase in consumer confidence index in the first quarter of 2011 in Shanghai was mainly due to the successive policies promulgated by the state and Shanghai to ensure and improve people's livelihood.