China's consumer confidence index fell to 94.1 points in the second quarter, down 0.7 points from the first quarter, amid concerns about inflation and a slowing economy, the National Bureau of Statistics said on Wednesday. It was the third consecutive quarterly fall in the index and left it 2.7 points lower than the same period last year, according to the agency.
The index distils consumers' attitudes towards current and future macroeconomic performance, their future earnings and plans for purchases of major durable goods into a composite figure. The subindex representing consumer satisfaction with current economic performance stood at 90.3 compared to 90.2 in May. Another subindex, surveying consumers' expectations about the economic outlook, fell to 96.7 from 97.0 last month. The bureau also provides monthly business confidence index figures. China's business confidence index fell to 134.8 in the second quarter from 140.6 in the first three months of 2008.