03 Aug '11, 5am

DTN Singapore: S'pore consumer confidence down in Q2: SINGAPORE: Consumer spending is likely to ease in Singapor...

DTN Singapore: S'pore consumer confidence down in Q2: SINGAPORE: Consumer spending is likely to ease in Singapor...

SINGAPORE: Consumer spending is likely to ease in Singapore with consumer confidence taking a slight beating in Q2 this year. The consumer confidence index fell six index points to 103 in Q2, the lowest in six consecutive quarters, pushing the country out of its longstanding position in the top 10 most confident list globally. This is according to the the latest Nielsen's Global Consumer Confidence Index survey. The survey tracks consumer confidence, major concerns and spending intentions among 31,000 consumers in 56 countries throughout Asia Pacific, Europe, Latin America, the Middle East, Africa and North America. And when it comes to online consumers - the survey said they are less likely to spend on things they want and need. Only 35 per cent said that the next 12 months is an excellent or good time to buy the things they want, down 10 percentage points from Q1 in 2011...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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