M'sian consumers among the most confident in the world


  • Nation
  • Saturday, 16 Feb 2019

GEORGE TOWN: Malaysia's consumers are among the most confident in the world with a score 118 percentage points based on the Nielsen's Consumer Confidence Index, says Finance Minister Lim Guan Eng.

He said Malaysia's consumer confidence index, which increased by 24 percentage point to 118 points in 2018 from 94 in 2017, recorded the largest gain in the world.

"This increase places Malaysia in the Top 10 category of the Nielsen's Consumer Confidence Index, an index that measures consumers' confidence index based on job prospects, personal finances and immediate spending intentions.

"This means that in terms of increase, we recorded the largest," he said during a speech at the Air Itam Chinese New Year Carnival at Desa Mawar in Jalan Thean Teik on Saturday (Feb 16).

"Coupled with the 250% increase in foreign direct investments in 2018, it is an indication that the economy this year will be better than last year," he added.