Chinese consumer mood buoyant in November

China's consumer confidence has been pretty volatile off late and last month it dropped to record low 109.7, since data collection began in 2007. However this month, there seems to be some easing in the mood, probably as stock market slowly recovers in China, IMF on its way to add Yuan to the basket and situation overall eased.

Recent data has shown signs of stability, except for the industrial sector. Retail sales, moved up to highest level in many months, house prices edged up for first time in more than a year in October. Capital flow might have turned positive, while FX reserve rose for first time in five months.

Only bad news coming from industrial sector, where growth is still dipping, while unemployment rise. Falling commodity prices around the world pointing to lesser demand from China be it for slowdown or structural reform.

Consumer confidence though has been volatile recently, will be of key importance since China is shifting its economy to domestic consumption from export driven one.

For November, confidence ticked up to 113.1, still low from September's 118.2.