MIER: Consumers’ finances worsen, job outlook weakens

All quiet at a shopping mall on Thursday, July 29, 2021 as non-essential services and businesses close.

KUALA LUMPUR: The Malaysian Institute of Economic Research’s (MIER) consumer sentiments report for the second quarter to June showed signs of consumer fatigue are becoming more apparent and it could worsen.

MIER said not only had consumers’ finances deteriorated further recently, their expectations of their finances and, especially, their assessment of the employment outlook in the next six months are anything but positive.