Taiwan’s Consumer Confidence Index (CCI) has hit a two and a half year high in April. That’s according to data released Tuesday by the Research Center for Taiwan Economic Development of National Central University.
The CCI in April rose 2.77 points from the previous month to 83.73, the highest level since November 2011.
Of the six indices, the one signifying a good six months to invest in the stock market rose the most. But the index for domestic prices for the next six months was at a very low point.
Fujen University Statistics and Information Science professor Liang Te-hsin spoke on Tuesday about the impact of the fourth nuclear power plant on the CCI.
“The power plant will have a little impact on [CCI] but it won’t happen soon. That’s because an electricity price hike resulting either from scrapping the project or suspending the construction is a long-term, not short-term problem,” said Liang.
Taiwan Research Institute Economist Day Jaw-yang said the latest anti-nuclear protests have had little impact on the stock market and electricity rationing will not take place within the next two years.