The consumer confidence index for China surveys households on their assessment of current and future economic conditions. It is a leading indicator of consumer spending and broader activity.
Why FX traders watch it
Confident consumers are more likely to spend and borrow, supporting near-term GDP growth. A deterioration in confidence often precedes spending weakness by 1–3 months, giving an early signal for the economic outlook.
How to interpret the data
Above-consensus consumer confidence supports the cny as it implies sustained consumer spending and economic momentum. A collapse in confidence may prompt fiscal or monetary stimulus, weighing on the cny.
Historical Muinín Tomhaltóirí (CNY)
Source: NBS/PBoC
· Monthly
· Index
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