Chinese consumer confidence hits five-month high

A benchmark index of China’s consumer sentiment on Tuesday showed that confidence has reached a five-month high as the nation’s economy revives, South China Morning Post reported, citing a report released by a unit of Deutsche Boerse Group. The MNI China Consumer Sentiment Indicator reached 95.5 in November, compared to 92.3 in October, marking two consecutive months of increases. Indicators for both current sentiment and future expectations were up in November. The current indicator was up to 98.7, a rise of 5.1 since October, while expectations increased for the third month in a row, to 93.7, from 91.6. The gains span a variety of consumer concerns, including current personal finances, freedom to buy household durable products and the economic outlook. Only the outlook for personal finances fell in November.