According to the latest Nielsen Survey, the consumer confidence index has seen a drop in Quarter 2 of the current year. What does it mean for various countries and sectors? Is there a need to panic? The picture below gives a snapshot of the global online consumer confidence index
Dr. Venkatesh Bala, Chief Economist at The Cambridge Group, a part of Nielsen said “There wasn’t enough positive news to inspire confidence among global online consumers in the second quarter. Weak economic figures, slowing manufacturing performance and inflation in Asia, an intensifying debt crisis in Europe and continuing political instability in the Middle East combined with rising household expenses in the U.S. have taken their toll on consumers’ fragile confidence. Hopes for full global recovery in the next 12 months substantially weakened in Q2 as the majority of consumers around the world remained in a recessionary mindset.”
0 comments:
Post a Comment