Morgan Stanley says consumer confidence in China continues to gradually slide lower

Morgan Stanley AlphaWise Consumer Pulse Survey in late September, with 2,000 consumer respondents.In summary:49% of consumers expect the Chinese economy to improve in the next six months, down from 55% in June13% to get worse, +1% 38% said they expect the economy to stay the same, +5% Household spending intentions: 25% of consumers expect to spend more in the next quarter, -3% from june10% expect to spend less, +2%Morgan Staley call for better stimulus: “Our China economists believe the weakening consumer sentiment points to a need for further consumption stimulus to help alleviate the deflation spiral”Yellen was on the same path on Tuesday:Yellen says China stimulus efforts fail to address 2 key areas of shaky Chinese economy This article was written by Eamonn Sheridan at www.forexlive.com.