Consumer sentiment in Taiwan has risen to a record-high level on the back of a better stock market outlook. That was the word from National Central University on Monday.
The latest consumer confidence survey shows that consumer confidence rose 1.8 points in April to 92.93. That’s the highest level recorded since the university started the survey in January, 2004.
Consumers in Taiwan were especially optimistic about the timing for investment in the stock market and the local business climate over the coming six months. Figures for these two sub-indices both hit record highs in April.
National Central University said that consumer sentiment could continue to improve next month. But it said that since the stock market outlook is easily affected by the global economic climate, investors still have reason to be cautious.