Malaysia consumer confidence remains stable

Malaysia Retail Chain Association (MRCA) president Datuk Liaw Choon Liang (inset top lrft) said the local retail sector was cyclical and should

KUALA LUMPUR: Malaysian consumer confidence remains stable at the start of the first quarter of 2016 with 79 percentage points (pp), according to the latest Nielsen Global Survey of Consumer Confidence and Spending Intentions.

Nielsen said Malaysia maintained its ranking as 36th most confident country in the first quarter of 2016 (unchanged from last quarter). The average global consumer confidence is 98 pp. Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism.