Global Consumer Confidence Rises In Q3, India Remains Most Bullish: Nielsen
The survey further revealed that people were more optimistic about job prospects than their personal finances. However, in North America and Europe that had been replaced by rising worries about war and terrorism.
Out of the 60 nations surveyed by Nielsen, Italian consumer confidence fell in October to its lowest level since February, as household sentiment on most issues declined as the country heads towards a third year of recession.
Apart from Italy, other European countries also made showcased pessimistic consumer confidence, clearly reflecting the conflict in Ukraine, faltering growth and the risk of deflation in the euro zone. However, Britain and
The Nielsen Global Consumer Confidence Index rose 1 point in the third quarter to 98, according to the survey, conducted between August13-September 5. The index has been steadily rising since the first quarter of 2012 and the latest reading headed closer to the 100 mark that signals optimism among consumers.
The US consumers were the seventh most upbeat globally, with their score rising 4 points to 108 as optimism about job prospects continued to surge. Americans were also slightly more upbeat about the outlook for their personal finances than they were in the second quarter.
“They are also benefiting from lower gasoline prices and a gradually improving housing market. In the coming months, as we start to see more people re-entering the workforce and meaningful wage growth, this is likely to translate into broad-based gains in consumer spending," she added.
Australia saw the biggest increase in confidence from the previous quarter, by 12 points, followed by Slovenia with a 9-point increase and Thailand with 8 points. However,
The Nielsen survey was conducted online and covered more than 30,000 consumers across 60 markets.
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