According to Taiwan's "Economy**", Taiwan's Cathay Financial Holdings announced the results of the people's economic confidence survey on February 20, showing that in February 2024, Taiwan's ** optimism continued to rise and risk appetite rose simultaneously, creating new highs in more than two years and nearly three years respectively; Not only that, but people's willingness to buy and sell houses has also continued to rise for three consecutive months, with the willingness to buy and sell indices hitting new highs in more than two years and the past two years respectively.
Schematic diagram of Taiwan stocks. * Taiwan's United Daily News
According to reports, the latest survey results of Taiwan's Cathay Financial Holdings show that in February this year, the international market rose, the optimism continued to rise, and the risk appetite rose simultaneously. Due to the performance of the main market financial reports during the survey period was better than market expectations, the international market was on the rise, and the public's optimism index for Taiwan stocks continued to rise, from 166 liters to 199, a new high in more than two years; The risk appetite index ranged from 162 synchronously rises to 211, a new high in the past three years since June 2021.
According to the report, people's willingness to buy and sell houses has continued to rise for three consecutive months, of which the willingness to buy a house index has increased from -455 rose to -409, a new high in two years and three months, and the willingness to sell houses has also increased from -115 went up to -73. Nearly two years high.
Taiwan's "Comptroller's Office" estimates that Taiwan's economic growth rate in 2024 will be 335% with an inflation rate of 1 in 202464%, the survey results show that the average expectation of the public's economic growth rate in 2024 falls at 265%, only 44% of the public believe that the economic growth rate will be above 3% in 2024; The average inflation expectation for 2024 falls at 221%, and 55% of the population believe that inflation will be higher than 2% in 2024. Compared with Taiwan's "Comptroller and Accounting Office", the public is more conservative about economic growth in 2024, and has relatively high inflation expectations.
Taiwan's people's optimistic outlook index fell slightly, while their willingness to consume improved. The leading indicators (including the "manufacturing business climate test point", "export order trend index", "stock price index", etc.) and the same indicators (including "wholesale, retail and catering industry turnover", "manufacturing sales volume index", "non-agricultural sector employment", etc.) all rose, and the results showed that the optimism index of the people's current situation increased from 47 to 72. The outlook optimism index has been since 98 moved slightly to 95, all maintained at recent highs. The index of willingness to spend large amounts and the index of willingness to spend on durable wealth improved at the same time, from 122 to 138, and from -87 rose back to -81, of which the index of willingness to spend large amounts is the highest since December 2021. （