China consumer sentiment increased slightly this month, but confidence remained relatively subdued in spite of signs of a pick-up in activity following action by the Chinese authorities to underpin growth.
The Westpac MNI China Consumer Sentiment Index increased 1.9 percent to 114.8 last month from a near one-year low of 112.6 in June, the Australian bank and the German financial news company Market News International said in a joint report on Wednesday.
Sentiment was further above the break-even 100 level, meaning that optimists outnumbered pessimists, but confidence remained below the 118.9 average seen over the past 12 months.
(Source: Shanghai Daily)