Lunar New Year boosts MNI China Consumer Sentiment Indicator

Chinese consumer sentiment rebounded modestly in February, helped by the week-long Chinese New Year holiday, according to the MNI China Consumer Sentiment Indicator released on Monday.

The indicator rose to 94.7 in February, from 94.1 in January, according to MNI, a unit of Deutsche Boerse Group.

It said the survey indicated that consumers were increasingly taking a “wait and see” attitude toward the immediate future, pending economic updates and news about new government when the new administration takes office this month.

via Business feed http://www.scmp.com/business/economy/article/1175952/lunar-new-year-boosts-mni-china-consumer-sentiment-indicator