Consumer confidence in Taiwan fell to 64.87 in May of 2020 from 73.39 in a month earlier. It was the lowest reading since November of 2009, amid economic uncertainty caused by the coronavirus pandemic. Households' assessment weakened for all the components, with the sub-index on stock investments falling to a new low (down 7.2 points to 36.9). Other decreases were seen in the family economic outlook (down 10.5 points to 78.05), durable goods purchases (down 9.1 points to 88.45), employment opportunities (down 10.3 points to 71.5), the domestic economic outlook (down 7.4 points to 79.05) and domestic prices in the next six months (down 6.7 points to 35.25).
Consumer Confidence in Taiwan averaged 75.74 points from 1999 until 2020, reaching an all time high of 97.52 points in January of 2000 and a record low of 48.42 points in February of 2009. This page provides - Taiwan Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Consumer Confidence in Taiwan is expected to be 75.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Taiwan to stand at 82.00 in 12 months time. In the long-term, the Taiwan Consumer Confidence is projected to trend around 85.00 points in 2021 and 86.00 points in 2022, according to our econometric models.