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Tag: consumer

  • Shopper confidence index exhibits fall in Might

    The buyer confidence index (CCI) dipped 1.29 factors to 91.64 in Might, whereas the inventory funding confidence sub-index noticed the most important fall, by 9.6 factors, based mostly on a report launched by the Nationwide Central College (中央大學, NCU) yesterday.

    Dachrahn Wu (吳大任), director of NCU’s Analysis Middle for Taiwan Financial Improvement, stated the arrogance for inventory funding tumbled largely as a result of the federal government tuned down this yr’s GDP progress forecast final week, and cash within the native inventory market had flown to China’s booming inventory market.

    The inventory funding confidence index registered at 100.1 factors.

    Simply final month, inventory funding confidence rose probably the most among the many six sub-indices, growing four.9 factors to succeed in all-time-high 109.70.

    Final month’s survey was carried out at a time when the inventory index was approaching the 10,000 mark, and when Beijing proposed a stock-connect platform between Taiwan and China. The prospects led to a rise in overseas capital and fueled investor confidence.

    Different Sub-indices Scores

    Beneath the CCI’s 200-point scale, an index that falls within the Zero-100 level zone displays pessimistic shopper confidence whereas a determine between 100 and 200 signifies optimism.

    Regarding the different indexes, the CCI for worth ranges and family finance climbed to 55.85 factors and 87.65 factors, respectively. The job market index stayed degree at 114.9.

    The CCI for home financial system and sturdy items purchases — principally actual property purchases — declined to 86.65 factors and 104.7 factors, respectively.

    J.P. Morgan’s Conflicting Discovering

    Whereas the native inventory market may need underperformed, buyers are nonetheless upbeat concerning the world financial system, based mostly on a report launched by J.P. Morgan lately.

    In accordance with J.P. Morgan’s report, the index for investor confidence reached 106.four within the second quarter, rising for the second consecutive quarter and reached the very best degree in three years.

    Though buyers are usually not assured concerning the native financial system, they confirmed nice optimism over the world financial system, believing it is going to end in wealth progress within the close to future, the survey discovered.

    Jerry Chu (邱亮士), an government from J.P. Morgan Asset Administration, stated the uncertainty relating to when the U.S. Fed will hike curiosity is definitely thought-about by buyers as a constructive.

    Different positives, in response to Chu, embrace larger profitability for corporations in Japan and Europe; a unfastened financial coverage in China that may increase enterprise incomes, which may then translate into greater wage ranges and better consumption.

    Main inventory markets within the globe have moved up prior to now three months. The Chinese language market soared almost 40 %, whereas Japan and European markets have surged about 10 %. The markets in Taiwan and the U.S. grew a comparatively low 5 %.

    Taiwan’s inventory market hit a brand new document final month, and the current retraction is taken into account by Chu as a traditional adjustment.

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  • 50% tariff reduce to spice up consumption

    50% tariff reduce to spice up consumption

    China will minimize import tariffs by about 50 % for some shopper items in June to spice up home consumption.

    Tariffs for imported skin-care merchandise will probably be slashed from 5 % to 2 %, diapers from 7.5 % to 2 %, leather-based boots from 24 % to 12 %, and woolen fits from 17.5 % to 10 %, the Ministry of Finance stated in a press release yesterday.

    Tariffs for fur clothes, cashmere jumpers and sneakers have additionally been halved to between 7 and 12 %.

    “Chinese language shoppers are very taken with shopping for clothes, footwear, cosmetics and diapers from abroad,” the ministry stated. “Decrease tariffs for such merchandise will assist increase imports, improve home consumption, and meet numerous wants of shoppers.”

    The State Council, China’s Cupboard, determined in late April to chop import tariffs because the nation seeks to spice up home consumption as extra rich Chinese language vacationers store overseas.

    However Zhang Junwei, a researcher with the Improvement Analysis Middle of the State Council, famous that slicing import tariffs alone might solely have restricted impact in bringing consumption house because the tariffs comprise a small half within the remaining costs of merchandise.

    Worth-added tax, consumption tax, distribution prices and the model’s pricing technique play a larger position in costs of imported items, specialists stated.

    China has up to now minimize import tariffs for some toddler meals, drugs and digital camera lens.

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  • Consumption’s ‘sleeping giants’ about to wake up

    Consumption’s ‘sleeping giants’ about to wake up

    Consumers in Southeast Asia are “sleeping giants” who will wake up to their full potential over the next 5-10 years, recent reports show.

    Robust consumption fueled by rising income levels and urbanization are expected to generate an additional $770 billion as 60 million people join the region’s consuming class or move into more affluent consumer segments by 2020, according to a study this month by Accenture involving more than 1,800 people in the region.

    The formation of the Asean Economic Community (AEC), scheduled to take effect this year, will also enhance the attractiveness of Southeast Asia’s consumer markets by making it easier for companies to do business across borders. By 2020, the region could become a $3 trillion economy, making its mark as the world’s sixth biggest, Accenture noted.

    “The spectacular growth of the Southeast Asian economy represents one of the biggest opportunities for consumer goods companies today,” said Dwight Hutchins, managing director in Accenture Strategy, Asia-Pacific.

    Emerging hotspots

    While the region’s “megacities” like Singapore are set to grow further, smaller emerging cities and rural areas are where the potential lie, according to a report released Monday by marketing research firm Nielsen.

    Describing Southeast Asia’s consumers as “sleeping giants of the next decade,” Nielsen said the fastest growth is set to occur in mixed-density cities that have 1-5 million people, like Malaysia’s Johor Bahru and Cebu in the Philippines. Population in these cities are forecast to skyrocket 51 percent by 2025 to a combined 52.6 million people, compared with the 32 percent growth to 69 million expected in megacities.

    Industrial cities, defined as areas with population of 500,000, are also forecast to be consumption hotspots. The size of the already-large cluster could increase 18 percent to 231.8 million over the next decade, accounting for nearly 63 percent of Southeast Asia’s total population, Nielsen said.

    “As costs in bigger cities like Bangkok and Jakarta rise, businesses are going into second-tier cities with cheaper land and labor. This move has created clusters of industrial estates, especially in the smaller provinces of Philippines, like Lipa and Yogyakarta, which has a knock-on effect of stimulating local economies,” Regan Leggett, Southeast Asia, North Asia and Pacific regional director of client services at Nielsen, told CNBC.

    The development of Southeast Asia’s smaller cities drive healthy demographic growth and a rising middle class, which transform consumer spending and offer “considerable rewards,” Nielsen added.

    Challenges

    Wooing Southeast Asian consumers, however, can be a challenge. According to Accenture, the region’s highly-connected consumers have minimal brand loyalty, with almost two-thirds of respondents open to switching brands. Meanwhile, a physically and culturally-fragmented landscape make Southeast Asia difficult to navigate.

    Still, it’s not impossible for businesses to map out strategies applicable across the region.

    For one, many rural consumers in the region are “at the very beginning of their relationships with packaged and branding goods,” and “finding commonalities across cities can be done,” Legget said.

    Businesses must be ready to offer affordable pricing, smaller product sizes or single-use portions for these first-time consumers, he added.