Consumers more upbeat about economy

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Local residents expressed more positive sentiments about the city’s economy during the fourth quarter of 2016 despite a decrease being recorded in their overall confidence for the same period, according to the latest survey on consumer confidence by the University of Science of Technology (MUST) released yesterday. For the three-month period, the Macau Consumer Confidence Index registered 83.63 out of 200, down 2.38 per cent from 85.67 in the third quarter of 2016, implying ‘a significant decline in local consumers’ overall confidence,’ said the surveyor.