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Germany : Westpac and MNI Indicators to launch an independent monthly survey of Chinese Consumer Sentiment.

Westpac Institutional Bank (Westpac) has partnered with MNI Indicators to co-produce an independent monthly report on the Chinese consumer: The Westpac MNI China Consumer Sentiment Survey. The key headline indicator from the survey is the Westpac MNI China Consumer Sentiment Indicator (Westpac MNI China CSI). MNI Indicators is part of MNI, a subsidiary of one of the world s largest exchange organisations, Deutsche Boerse AG.

To be launched on Wednesday, 28 May 2014, the Westpac MNI China CSI aims to become the primary reference point for key decision makers around the world seeking to better understand the current and future state of the Chinese economy, with special reference to the household sector. It is particularly appropriate that the survey is a collaboration between firms associated with two of the countries that have benefited the most from China s rise to date: Australia and Germany.

MNI Indicators develops and produces a premier suite of business and consumer sentiment indicators for important markets such as China. As a key area of our information business, MNI Indicators reinforces our strategy of enhancing clients agility in making sound investment decisions by providing reliable and high-quality market intelligence, said Hauke Stars, Executive Board Member responsible for the Information Technology and Market Data + Services division of Deutsche Boerse.

Formerly known as the MNI China Consumer Indicator, it has been calculated since 2007 and is disseminated by MNI Indicators on a subscription basis. Following the partnership with Westpac, the Westpac MNI China CSI will be available on a monthly basis through Westpac s global research portal WIB IQ or by subscription from MNI Indicators. Westpac s expert interpretation and analysis will significantly enhance global access to this information given the bank s authority in tracking consumer sentiment in Australia for over 40 years and in-depth analysis of the Chinese economy.

The Westpac MNI China CSI also sits alongside MNI Indicators' range of business and consumer indicators for China, India, Russia and the United States. Published on a monthly basis, MNI s proprietary indicators are designed to present an accurate picture of the economic landscape as perceived by businesses and consumers every month. They explore attitudes, perspectives and confidence across different countries and regions, delivering in-depth analysis and highlighting how changing patterns can impact potential business and consumer activities. MNI s suite of indicators allow users to make timely and relevant investment decisions.

Westpac s Senior International Economist Huw McKay said the Chinese household sector is already an important factor in the determination of global growth, and that importance will increase over time.

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Publication:Mena Report
Geographic Code:9CHIN
Date:May 10, 2014
Words:438
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