Singapore consumers remain slightly pessimistic on worries over job prospects
Published on Jan 29, 2014 3:56 PM
Consumers in Singapore stayed on the side of pessimism in the final quarter of last year, citing concerns about their future job prospects.
Singapore scored 97 on the Nielsen consumer confidence index for the last three months of 2013, a tad down from 98 in the previous survey, information company Nielsen said on Wednesday.
A reading below 100 indicates pessimism. Singapore has been scoring under 100 since the third quarter of 2011.
The marginal pull-back in consumer confidence in the fourth quarter last year was driven by a slight increase in the number of consumers who were worried about their future job prospects: 38 per cent, up from 34 per cent in the third quarter.
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