Chinese consumer confidence is on a slight upward trajectory as the Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for China increased to 70.96 in January 2025, from 69.54 in December 2024. This modest rise suggests a cautiously optimistic outlook among Chinese consumers as they move into the new year.
The PCSI measures public opinion over a variety of economic indicators, including job stability, personal finances, investment confidence, and consumer spending within the region. The latest data, updated on January 10, 2025, signals an improving scenario for the Chinese economy, despite lingering uncertainties in the global economic landscape.
This positive change may be attributed to a variety of domestic factors boosting consumer sentiment, such as supportive government policies, potential price stabilization efforts, and increased consumer spending typical of the New Year period. Economists will be closely monitoring these developments throughout the year to assess whether this upward momentum in consumer sentiment continues to influence wider economic growth.
