Indonesia, Philippines get consumer confidence rise
Consumer confidence in Indonesia and the Philippines saw a surge in the last half of 2012, leading those in other Asia-Pacific countries, according to the latest MasterCard Worldwide Index of Consumer Confidence.
Consumer confidence in Indonesia and the Philippines saw a surge in thelast half of 2012, leading those in other Asia-Pacific countries,according to the latest MasterCard Worldwide Index of ConsumerConfidence (“Index”).
The Index is based on asurvey conducted between November 7 to December 23, 2012 on 11,339respondents in 25 countries within Asia-Pacific, Middle East andAfrica.
Respondents were asked five questionspertaining to their six-month outlook on the economy, employmentprospects, the local stock market, their regular income prospects andtheir quality of life. The Index scores range from 0 to 100.
Extreme improvements, among 14 Asia-Pacific markets polled, wererecorded in Indonesia, where consumer confidence jumped 30.1 Indexpoints to 87.5, and the Philippines, which rose 13.6 Index points to78.8.
The two countries are benefiting from rising investment from both domestic and international investors.
The largest deterioration in consumer confidence was recorded in theRepublic of Korea, down from 51.3 Index points six month ago to38.6 points.
Consumers in Asia-Pacific remainoptimistic despite uncertainty in the global economy led by huge surgesin confidence in the emerging markets of Indonesia and thePhilippines, MasterCard said.
The survey of Consumer Confidence has been conducted twice a year since 1993.-VNA
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