World Economy

Taiwan CCI Falls Again

Taiwan CCI Falls AgainTaiwan CCI Falls Again

Taiwan’s consumer confidence fell for the sixth consecutive month in October amid signs that the domestic economy continues to weaken, a survey conducted by National Central University indicated Tuesday, CNA reported. The survey was conducted at a time when many economists and think tanks believe it will be hard for Taiwan to maintain gross domestic product growth of 1% for 2015 as a whole amid slowing global demand. According to the survey, Taiwan’s consumer confidence index fell 0.72 points in October from a month earlier to 84.60, the index’s sixth consecutive monthly decline, but the latest fall was smaller than a month-on-month 0.83 point fall recorded in September.