HCMC - ANZ Vietnam Bank and Roy Morgan Research will launch the Vietnam Consumer Confidence Index (Vietnam CCI), a key indicator reflecting the health of an economy, this month.
The CCI for June will come out next week.
Vietnam CCI is designed to show the degree of optimism which consumers express through their savings and spending.
A rise in consumer confidence indicates better economic growth while a fall of the index shows consumers tighten their spending.
There are other major economic indicators such as the Purchasing Managers Index (PMI) which reflects the health of the manufacturing sector; the Producer Price Index (PPI) which indicates domestic producers’ input prices; the yield curve which is a line that plots interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates; and the Employment Cost Index (ECI) which measures fluctuations of wages for each working hour in quarters.
Roy Morgan Research’s Asia-Pacific regional director Debnath Guharoy said this index is available in Australia, New Zealand, China and Indonesia, and that he expected the indicator to provide policymakers, business circle, investors and citizens with information that is useful for their decision-making.
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