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NEWS UPDATES 8 January 2010

Survey: Consumer confidence rises in Thailand, Singapore

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Consumer confidence in Thailand and Singapore rebounded in the latest survey conducted by MasterCard Worldwide, reported local new agencies.

Vice President and Country Manager for Thailand Eileen Wee of MasterCard Worldwide said the score earned in the survey on overall Thai consumer confidence rose by 140 per cent to 55.3 points from 23 points in the previous survey conducted six months ago, reported Thai News Agency.

The increased scores are witnessed in five indicators including the employment rising to 56.1 points from 23.8 points, economic conditions to 61.9 from 26.3, stock market to 59.8 from 18, regular income to 51.2 from 22.5, and quality of life to 47.6 from 24.3.

In addition, 49 per cent of Thais surveyed expressed confidence that the economic conditions would pick up in the next six months and 47 per cent believed the stock market would turn bullish.

In Singapore consumer optimism jumped to 79.4 on the index, more than double the 31.2 reading taken six months ago, and closer to the 87.3 level recorded in the first half of 2008, the Channel News Asia reported, quoting the MasterCard index.

The latest survey was conducted between October 1 and November 9, 2009 using a random sample of 10,623 consumers in 24 countries including Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Taiwan, Vietnam, Thailand, Egypt, Kuwait, Lebanon, Qatar, Saudi Arabia, United Arab Emirates, Kenya, Morocco, Nigeria, and South Africa.


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