China consumer sentiment dips in December

Consumer sentiment in China dipped after rising in the previous two months, but stayed at the second highest level since June, a new survey showed on Friday. This indicates that the world’s second largest economy is still on a firm track for a recovery.

The MNI China Consumer Sentiment Indicator dropped slightly to 95.4 from 95.5, yet a future expectation indicator increased for the fourth consecutive month to 95.0 from 93.7, the survey showed. Consumers’ willingness to buy large household items and cars eased in December, though remained relatively strong, the survey showed.

via Business feed http://www.scmp.com/business/economy/article/1119770/china-consumer-sentiment-dips-december