The Research Center for Taiwan Economic Development at National Central University reported Wednesday that Taiwan's Consumer Confidence Index (CCI) fell in November, marking the second consecutive month of decline.
Based on a survey of 3,062 residents aged 20 and above, the CCI has dropped to 75.49 points. Five of the six sub-indicators declined, including confidence in stock investments, household finances, the domestic economic outlook, employment opportunities, and durable goods purchases. The only increase was seen in the consumer price expectations index.
In real estate-related measures, the durable goods purchase index dipped to 103.1 points, while the newly added real estate purchase index fell sharply to 100.39 points. Research center CEO Dachrahn Wu (吳大任) warned that these indicators are nearing the 100-point threshold, their lowest levels since September 2020.
Wu attributed the drop to the Central Bank's selective credit controls and tighter lending policies, which have dampened confidence in the housing market. He also pointed to global uncertainties, noting that U.S. President-elect Donald Trump’s proposed tariffs on China, Canada, and Mexico have already caused market volatility. Wu cautioned that further trade uncertainties following Trump’s inauguration could present significant risks to Taiwan’s economic stability.