KUALA LUMPUR: The Malaysian consumer confidence remain stable in the third quarter (Q3) of 2017 with an index score of 93 percentage points (pp) – down one point compared to Q2 2017, according to the latest Global Survey of Consumer Confidence and Spending Intentions released recently by Nielsen. In a statement today, Nielsen said whilst confidence level stayed steady, the nation slipped four spots to be 32nd most confident country globally, from 28th last quarter. Nielsen Malaysia’s managing director Raphael Pereda said 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. Despite positive economic indicators, it said recessionary sentiments among Malaysians continue to remain high. “The Malaysian economy continued to show strong signs of positive growth with a GDP (gross domestic product) of 6.2 per cent in Q3 2017, yet the number one concern for Malaysian consumers remains with the economy.

Source: New Strait Times December 19, 2017 06:22 UTC