CityU–Hong Kong Consumer Satisfaction Index hits record high
CityU–Hong Kong Consumer Satisfaction Index hits record high
Consumer satisfaction has reached an all time high since the handover in 1997, with considerable improvements in Clothing & Personal Care and Food & Drink products, according to a survey conducted by the Department of Management Sciences at City University of Hong Kong (CityU).
The findings of the CityU–Hong Kong Consumer Satisfaction Index (CityU–HKCSI) 2006 survey showed that the index hit a record high of 70.1, up 1.2% from 2005. The study also covered the habit of Hong Kong people visiting and shopping in mainland
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CityU–HKCSI, an example of the University’s applied research, is a performance indicator for
The index uses a scale of 0 to 100 to represent ascending levels of consumer satisfaction. “Its readings from 2001 to 2006 were 66.1, 65.1, 67.9, 69.1, 69.3 and 70.1, respectively, indicating a continuing upward trend over the last four years,” said Dr Geoffrey Tso Kwok-fai, an associate professor in the Department of Management Sciences, “This is a consequence of the gradual economic recovery. As a result, people in
Conducted for the 10th consecutive year, the study has interviewed 14,000 people this year. Results showed that
This is followed by Transport services (73.5) while Housing & Related Items scored the lowest (66.0), the only category that reported a decline (-1.0%).
Of the 68 major goods and services covered in the study, pay TV services experienced the greatest improvement (10.7%) in consumer satisfaction, although consumers were still dissatisfied with the services (68.2, ranked 58th out of the 68 goods and services).
Consumers were still most satisfied with postal services (79.9), music CDs (79.8), dairy products & non-alcoholic drinks (79.2) and rice (78.8), while they were still least satisfied with job-seeking magazines (60.5), shopping in Shenzhen (61.7), tunnels (64.2) and weekly magazines (66.2).
As for consumption across the border, 49% of respondents said they had visited mainland
Compared to last year’s experience, 20.7% were more satisfied with their consumption in
The CityU–HKCSI survey covers 68 commodities and services which are categorized into Clothing & Personal Care, Food & Drink, Housing & Related Items, Transport, Information & Entertainment and Non-Consumer Price Index (Non-CPI) Items. The categories, accounting for over 75% of the weightings in the
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