Consumers worried about income, job security, says MIER survey

The MIER’s Consumer Sentiments Index (CSI) for 4Q survey revealed pessimism is higher amongst those in the low- and middle-income brackets, urban and rural areas, as well as in the south, with proportions of negative responses totaling between 66% and 75% in 4Q20.

KUALA LUMPUR: Consumers are increasingly worried about their income and job security as the Covid-19 pandemic continues, further straining their confidence, according to a survey by the Malaysian Institute of Economic Research (MIER).

The MIER’s Consumer Sentiments Index (CSI) for 4Q survey revealed household finances at year-end were the weakest in nine months; lost wealth hit those in the low income, rural areas and south the hardest; while an all-time low of only 8% saw an increase in job opportunities,