India Ahead of China and U.S. in Consumer Confidence
By siliconindia   |   Wednesday, 02 November 2011, 22:29 IST
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The Asia-Pacific region dominates the list of most optimistic countries with seven of the top 10 highest consumer confidence scores coming from this region. India, despite a decline of five points, retains the top spot with an index of 121, followed by Saudi Arabia (120), Indonesia (114), Brazil (112), Philippines (112), Thailand (109), United Arab Emirates (105), China (104), Hong Kong (104) and Malaysia (101). Hungary (37) was the most pessimistic country in third quarter, together with Portugal (40), South Korea, Romania and Croatia (49). Asia Pacific and Latin America were the most optimistic regions last quarter at 97 points. Asia Pacific posted a one point regional decline from 98 points in Q2. Middle East/Africa followed closely at 96 index points, with a two point quarterly gain. North America declined two points to 79 and Europe remained the most pessimistic region, remaining flat at 74 points. Established in 2005, The Nielsen Global Online Consumer Confidence Survey, records the consumer confidence, major concerns and spending intentions among more than 28,000 Internet consumers in 56 countries. Consumer confidence levels above and below a baseline of 100 demonstrate degrees of optimism and pessimism.

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