Malaysian consumer confidence up in Q2, says Nielsen

Consumer confidence in Malaysia rose four points to an index of 111 in the second quarter of this year, a six-year high according to the latest global online consumer confidence findings by Nielsen.

In a statement, Nielsen said Malaysia advanced to fifth place from seventh among the 56 countries surveyed, after Indonesia (120), India (119), the Philippines (116) and Saudi Arabia (115).

Nielsen Malaysia managing director Richard Hall said several developments have prompted an upbeat attitude among Malaysians.

“Inflation grew at a slower pace since February, the ringgit outperformed Asian currencies in the first four months of the year, corporate earnings showed a favourable outlook for 2012 and manufacturing output picked up pace in February, March and April,” he said.

Among the key findings in the survey is optimism towards local job prospects and personal finances continued to boost confidence and the confidence level had helped to position Malaysia as the third most optimistic job prospects online consumer group.

Three months ago, Malaysian ranked seventh, he said.

Despite the optimism shown, the survey showed that consumers were holding back spending and deferring purchasing plans.

http://www.theborneopost.com/2012/07/18/malaysian-consumer-confidence-up-in-q2-says-nielsen/

 

Category: Malaysia