Better job prospects, consumption boost consumer confidence in Q3

China's Consumer Confidence Index soared to a historical high of 114 points in the third quarter of this year, up two points on a quarterly basis, buoyed by improved job prospects and surging consumption power, a new study said on Tuesday.

The Nielsen China consumer confidence index showed the upsurge since the 106 point reading in the fourth quarter of 2016, said the study released on Nov 22.

The uptrend indicates that "consumer confidence has maintained steady growth in China along with higher incomes for urban and rural residents as the country's economy continued to fare well", the study said.