Malaysian consumer confidence level remains stable in Q3

KUALA LUMPUR: The Malaysian consumer confidence remain stable in the third quarter of 2017 with an index score of 93 percentage points (pp) – down 1 point compared to Q2 2017, according to the latest Global Survey of Consumer Confidence and Spending Intentions released recently by Nielsen.
Whilst confidence level stayed steady, the nation slipped four spots to be 32nd most confident country globally (28th place in Q2 2017).
Results from the latest survey also reveal that confidence levels across Southeast Asia continues to hold strong with four out of six countries in the region retaining their top 10 spot globally. The average global consumer confidence is 105 pp (+1 vs Q2 2017).
“The consumer confidence level for Malaysia remains on par with that of the second quarter this year, below the neutral threshold, but still remaining at its highest level for over two years,” said Raphael Pereda, Nielsen Malaysia’s managing director.