In the first quarter of 2023, income sentiment of Chinese depositors had an index value of 50.7. In the years 2018 and 2019, the income of urban depositors had increased on average as the index value exceeded 50 percent in all quarters. However, the outbreak of COVID-19 in 2020 had a strong negative impact on incomes.
Income sentiment index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023
A diffusion index indicates urban depositors' income change in the observed quarter. The index is derived by calculating the proportions of respondents whose "income increased", "income remained the same", and "income decrease", assigning weights 1, 0.5, and 0 to them respectively. Finally, the average is value is calculated.
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People's Bank of China. (April 3, 2023). Income sentiment index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1127768/china-income-sentiment-index-of-urban-depositors/
People's Bank of China. "Income sentiment index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023." Chart. April 3, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1127768/china-income-sentiment-index-of-urban-depositors/
People's Bank of China. (2023). Income sentiment index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1127768/china-income-sentiment-index-of-urban-depositors/
People's Bank of China. "Income Sentiment Index of Urban Depositors in China from 1st Quarter 2019 to 1st Quarter 2023." Statista, Statista Inc., 3 Apr 2023, https://www.statista.com/statistics/1127768/china-income-sentiment-index-of-urban-depositors/
People's Bank of China, Income sentiment index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023 Statista, https://www.statista.com/statistics/1127768/china-income-sentiment-index-of-urban-depositors/ (last visited November 21, 2024)
Income sentiment index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023 [Graph], People's Bank of China, April 3, 2023. [Online]. Available: https://www.statista.com/statistics/1127768/china-income-sentiment-index-of-urban-depositors/
