India Ahead of China and U.S. in Consumer Confidence
By siliconindia   |   Wednesday, 02 November 2011, 22:32 IST
Printer Print Email Email
global
64 percent of the respondents agree that it is not a good time to purchase, with one-in-five Europeans and one-in-three North Americans reporting they have no spare cash. In the recent round of the survey conducted between August 30 and September 16, 2011, the attitude of consumers in these regions was found to be more pessimistic than it was at the height of the 2009 recession. 60 percent of the respondents feel, it will continue into the next year up from 54 percent in Q1 2009. U.S. consumer confidence dropped one point to an index of 77. Consumer confidence also fell by one point last quarter in China from 105 to 104 and one point in Germany, Europe's largest economy. "With high gas prices, food inflation, bad weather, distressed housing market, troubling government debt, weakening financial markets, and little improvement in the job market, U.S. consumer confidence dropped in the second and third quarters of 2011," said Todd Hale, SVP Consumer & Shopper Insights, Nielsen U.S. "Unlike some other countries around the globe, U.S. consumer confidence has not shown improvement. This pattern of continued low confidence paints a picture of a slow and moderate economic recovery." he added.

Digital Supply Chain Transformation – Winning the AI/ML Way