Hong Kong's consumer confidence index slipped to 105 in Q4

Still better than regional peers.

Hong Kong’s consumer confidence index dropped one point in Q4 to 105 – an increase of twenty points from Q4 2012, according to survey findings from Nielsen.

Hong Kong’s consumer confidence score is more than 11 points higher than the global average of 94. Within the region, Hong Kong tops Singapore (97) and Taiwan (73), but trails behind China (111).

“Throughout 2013, consumers in Hong Kong remained cautiously optimistic in the economy, contributed by a number of positive factors such as steady unemployment and inflation rate,” said Eva Leung, Managing Director, Nielsen Hong Kong and Macau. “While a bright outlook can be seen in 2014, there are uncertainty on external environment and the sustainability of strong mainland tourist numbers.”

Drivers of Consumer Confidence
Hong Kong consumers reported a better outlook for job prospects, up to 57 percent from 53 percent, while having a stable outlook on personal finance. However, the outlook on whether it’s a good time to buy declined, from 55 percent to 50 percent.