ID :
198506
Mon, 08/01/2011 - 12:54
Auther :
Shortlink :
https://oananews.org//node/198506
The shortlink copeid
CONSUMERS IN MALAYSIA REMAIN UPBEAT DESPITE SLIGHT DIP IN CONFIDENCE, SAYS MASTERCARD SURVEY
KUALA LUMPUR, Aug 1 (Bernama) -- Consumers across Asia/Pacific are
concerned at the slow pace of global economic recovery with a dip in optimism recorded over the last six months, according to the latest MasterCard Worldwide Index TM of Consumer Confidence.
In a statement Monday, MasterCard Worldwide said 11 out of the 14
Asia/Pacific markets polled for the index recorded positive consumer sentiment amid the slow recovery being made in the global economy.
It said there was stable optimism in the emerging and established markets including China (78.3), Singapore (77.9), Vietnam (77.1), India (75.2), Hong Kong (69.9), Taiwan (67.6), Malaysia (64.9) and Australia (63.1).
In Malaysia, the 64.9 index score was positive although a slight drop from 66.2 six months ago. Consumer sentiments towards regular income improved to 70.4 from 62.9 six months ago, but consumers were less optimistic about employment where the index was at 64.6 from 65.9 previously, the economy (64.9 from 66.2), quality of life (65.9 from 70.0) and the stock market (58.4 against 66.2).
However, 10 out of the 14 Asia/Pacific markets experienced an overall decline in consumer confidence when compared to the previous six months, with three markets namely Thailand (46.1), New Zealand (42.2) and Japan (15.9) showing widespread pessimism across the five key indicators. Overall Asia/Pacific recorded a drop in consumer confidence from 68 to 61.5.
The index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators - economy, employment, stock market, regular income and quality of life. The index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.
Overall confidence in the economy in the Asia/Pacific region fell from 70.6 to 59.1 with employment down from 67.5 to 59.9. Confidence also fell among consumers on the key indicator of quality of life (from 64.7 to 57.0) and the stock market (from 65.8 to 58.1), but increased slightly on regular income (from 71.6 to 73.1).
"While consumer attitudes remain overwhelmingly positive across this index, there is clearly a perception that the recovery from the financial crisis is not going as smoothly as people would like," said Yuwa Hedrik-Wong, global economic advisor for MasterCard Worldwide.
concerned at the slow pace of global economic recovery with a dip in optimism recorded over the last six months, according to the latest MasterCard Worldwide Index TM of Consumer Confidence.
In a statement Monday, MasterCard Worldwide said 11 out of the 14
Asia/Pacific markets polled for the index recorded positive consumer sentiment amid the slow recovery being made in the global economy.
It said there was stable optimism in the emerging and established markets including China (78.3), Singapore (77.9), Vietnam (77.1), India (75.2), Hong Kong (69.9), Taiwan (67.6), Malaysia (64.9) and Australia (63.1).
In Malaysia, the 64.9 index score was positive although a slight drop from 66.2 six months ago. Consumer sentiments towards regular income improved to 70.4 from 62.9 six months ago, but consumers were less optimistic about employment where the index was at 64.6 from 65.9 previously, the economy (64.9 from 66.2), quality of life (65.9 from 70.0) and the stock market (58.4 against 66.2).
However, 10 out of the 14 Asia/Pacific markets experienced an overall decline in consumer confidence when compared to the previous six months, with three markets namely Thailand (46.1), New Zealand (42.2) and Japan (15.9) showing widespread pessimism across the five key indicators. Overall Asia/Pacific recorded a drop in consumer confidence from 68 to 61.5.
The index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators - economy, employment, stock market, regular income and quality of life. The index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.
Overall confidence in the economy in the Asia/Pacific region fell from 70.6 to 59.1 with employment down from 67.5 to 59.9. Confidence also fell among consumers on the key indicator of quality of life (from 64.7 to 57.0) and the stock market (from 65.8 to 58.1), but increased slightly on regular income (from 71.6 to 73.1).
"While consumer attitudes remain overwhelmingly positive across this index, there is clearly a perception that the recovery from the financial crisis is not going as smoothly as people would like," said Yuwa Hedrik-Wong, global economic advisor for MasterCard Worldwide.
