Consumer Sentiment Index in 2Q23 at 90.8 points

MIER said the Consumer Sentiment Index for the second quarter of 2023 decreased by 8.4 points quarter-on-quarter to 90.8. The employment index also observed a similar trend.

PETALING JAYA: The persistence in geopolitical tensions, effects of sustained inflation on the global supply chain, and weaker-than-expected recovery in China continue to dampen business and consumer sentiment.

The Malaysian Institute of Economic Research (MIER) stated that the Consumer Sentiment Index (CSI) for the second quarter of 2023 (2Q23) decreased by 8.4 points quarter-on-quarter (q-o-q) to 90.8. The employment index also observed a similar trend, declining by 7.4 points q-o-q to 102.4 points in 2Q23.