India Stays Most Optimistic Market
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Posted On - 2012-02-22
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Consumer confidence in India remains high for the eighth consecutive quarter, latest Nielsen report reveals.
India remains the world’s most optimistic market for the eighth consecutive quarter (or for two years in a row) with a one point consumer confidence index increase to 122. “The top spot globally reminds us of the inherent strength of the Indian economy, the savings mindset of the Indian consumer, and the positivity of consumer sentiment which has likely been helped by the recent cooling of inflationary pressure,” said Justin Sargent, Managing Director, Nielsen India. Click on NEXT to view the other 9 most optimistic markets...
Indonesia is second only to India with 117 points in the consumer index chart
Philippines follows India and Indonesia at third sport in consumer confidence and spending intentions.
“Political turmoil in the Middle East and doubts towards future oil demand, which is indispensible for the Saudi economy, and subsequent austerity measures has led to depressed consumer sentiments in Saudi Arabia,” said Arslan Ashraf, Managing Director, Nielsen Saudi Arabia. “However, through hefty stimulus packages, the Saudi government is making efforts to insulate the economy from these global and regional developments.”
In Latin America, Brazil recorded the highest consumer confidence in the region with an index of 112—the fifth highest score of 56 countries measured.
In China, the easing of food inflation over the past five months has significantly driven food prices down and adjustments to macro-economic policies have re-energized growth, particularly through more loans, which partly resulted in the four point confidence climb to an index of 108
Rising tensions in the Middle East and their impact on gasoline prices could compound global consumer concerns and spending plans. UAE is in 7th spot amongst the most optimistic markets
Thailand with 104 points is the 8th most optimistic market.
Australia with 103 points, in 9th position in terms of the consumer index scores is amongst the biggest quarterly gainers(+6)
Global consumer confidence increased one index point last quarter to 89, according to fourth quarter 2011 findings from Nielsen. Malaysia with 101 points is ranked as the world’s 10th most optimistic market.
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