Local residents are more confident in the local economy, the latest Macau Consumer Confidence Index shows.

The overall Macau Consumer Confidence Index for the last quarter of 2011 improved 5.2 percent quarter-to-quarter to 86.9 points.

The sub-index for economic confidence remained the highest among the six sub-sets of indicators, reaching 113.5 points, up by 7.6 percent over the third quarter of 2011.

The biggest jump in confidence took place in regards to inflation, with a hike of 12.3 percent. Even so, this sub index remained at 57.7 points.

The index is released quarterly by the University of Science and Technology. Its peak is 200, with 100 being neutral.

A total of 1,107 people were surveyed for the latest edition.