Chinese consumer confidence and meat retail price trends

A worthwhile survey of Chinese consumer confidence indicators was released by ANZ Bank and Roy Morgan in the past few days.

ANZ bank Roy Morgan survey

Full report

ANZ Economist Louis Lam said: “Today's figures suggest that Chinese consumer sentiment basically holds up as domestic financial markets have stabilised. The slight decline in June does not change our impression that the economy continues to transform itself into a consumption-led economy."

Meantime, Chinese pork retail prices may be stabilizing after their strong gains and beef retail prices are holding steady, while mutton trends down.

 based on figures released by the Chinese National Bureau of Statistics, beef prices equate to AUD$13.50 per kg and mutton to AUD$12 per kg.