Singapore consumer confidence index climbs to 94 pts in 3Q17, says Nielsen

SINGAPORE (Dec 21): Singapore’s 3Q17 consumer confidence index climbed to 94 points, up 5 points from last quarter’s 89, according data analytics firm Nielsen.

“Accounting for two-thirds of Singapore’s economy, robust expansions in the manufacturing and service sectors have led to a rebound in Singapore’s economy in this quarter. The rising consumer confidence is also reflected in the local job prospects in the next 12 months at 41%. However, locals continue to be mindful on the economic outlook and their job security,” says Johan Vrancken, Managing Director, Nielsen Singapore.

The Nielsen consumer confidence index measures perceptions of local job prospects, personal finances and immediate spending intentions, among more than 30,000 respondents in 61 countries. Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism.

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