Does consumer sentiment forecast household spending? The Hong Kong case

Chengze FAN, Phoebe WONG

Research output: Journal PublicationsJournal Article (refereed)peer-review

29 Citations (Scopus)


Using Hong Kong data, this paper examines the predictive capacity of consumer confidence indexes for consumption. The results indicate that in sharp contrast with the situation in the US or Britain, the consumer confidence indexes in Hong Kong have little or almost no explanatory power in forecasting consumption growth.
Original languageEnglish
Pages (from-to)77-84
Number of pages8
JournalEconomics Letters
Issue number1
Publication statusPublished - 1 Jan 1998


  • Consumer sentiment
  • Consumption
  • E21
  • Hong Kong
  • Rational expectation

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