03 Aug '11, 10pm

Consumer confidence at its lowest since 2010

Consumer confidence at its lowest since 2010

Consumer confidence here has dipped to its lowest level since the beginning of last year amid concerns such as rising food prices weighing heavy on consumers' minds. -- ST PHOTO: CAROLINE CHIA CONSUMER confidence here has dipped to its lowest level since the beginning of last year amid concerns such as rising food prices weighing heavy on consumers' minds. The Nielsen Global Consumer Confidence Index for Singapore fell six points to 103 in the three months to June compared to the quarter before, heralding a potential slowdown in consumer spending, the firm said. A number above 100 indicates positive consumer sentiment, while a figure below 100 indicates pessimism. This drop has also caused the Republic to lose its longstanding position in the top ten most confident list globally. It fell from seventh place to eleventh in the same period, behind countries such as India, Phi...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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