Consumers less confident

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Macau’s consumer confidence index dropped by almost four points in the second quarter to 84.9 points out of a highest score of 200. Housing prices were one of the main triggers pushing consumer confidence down. The survey is run by the Macau University of Science and Technology. Researchers say the high inflation rate was another factor negatively impacting on consumer confidence. The study polled over 1,000 residents over 18 years of age, asking for their views on economic prospects, employment, prices, quality of life, home purchases and investment.