Jul 30, 2015

    Consumers in S'pore turn gloomy, says Nielsen

    EVEN the most upbeat consumers in the world - hello South-east Asia - are starting to feel gloomier.

    Home to more than 600 million consumers, the region scored 112 on Nielsen's second-quarter consumer confidence index, where 100 is the line between sunny and gloomy.

    Apart from the Philippines, where consumer sentiment rose seven points to the country's all-time high of 122, South-east Asian countries posted a drop in confidence.

    Singapore lost one point to 99, falling into pessimism, while Malaysia fell five points to 89. Indonesia and Thailand shed three points to 120 and 111, respectively, on the back of dimming economic outlooks for the coming six months.

    Vietnam tumbled eight points to 104, marking the region's biggest quarterly decline.

    Nielsen polled more than 30,000 consumers in 60 markets for their views on job prospects, personal finances and buying decisions.

    The global score was a gloomy 96. The rest of Asia-Pacific stood at 107, followed by North America's 101. Europe clocked 79, making it the most pessimistic region worldwide.