Morgan Stanley AlphaWise Consumer Pulse Survey in late September, with 2,000 consumer respondents.
In summary:
49% of consumers expect the Chinese economy to improve in the next six months, down from 55% in June13% to get worse, +1% 38% said they expect the economy to stay the same, +5%
Household spending intentions:
25% of consumers expect to spend more in the next quarter, -3% from june10% expect to spend less, +2%
Morgan Staley call for better stimulus:
“Our China economists believe the weakening consumer sentiment points to a need for further consumption stimulus to help alleviate the deflation spiral”
Yellen was on the same path on Tuesday:
Yellen says China stimulus efforts fail to address 2 key areas of shaky Chinese economy
This article was written by Eamonn Sheridan at www.forexlive.com.
