Consumer Confidence Remains Stable in Malaysia

Updated on Thursday 21st December 2017

Malaysian consumers maintain a stable confidence index, as shown by the most recent Global Survey of Consumer Confidence and Spending Intentions reported by Nielsen. The values were released for the third quarter of 2017. Experts say that the confidence level remained within the limits if its highest level over the last two years. The index was reported to influence the FMCG sector.

Consumer confidence, a strong economic indicator

The consumer confidence index is one of the parameters that can indicate sure signs of economic growth and improvement. In Malaysia, the consumer confidence index remains within the limits of the largest values recorded for over two years. According to a report released by Nielsen Malaysia, a global information and measurement company, consumer confidence remained stable over the third quarter of 2017, at 93 percent, with only one percent lower than in the second quarter. According to the experts, the level remains below the neutral threshold. 

The report also highlighted the fact that the increasing positive consumer confidence trend that has been observed in the last two quarters as lead to a growth of the fast-moving consumer goods sector in 2017. One in four respondents is confident that the country will improve its economic outlook during the following year.

Malaysians also show a good attitude towards the situation of their finances and the evolution of employment in Malaysia. More than half of the residents questioned for this survey answered that they have a good or excellent prediction about the evolution of their personal finances within the next year.

Signs of economic growth

The key performance indicators used in the survey do not indicate that the country is in a recession. Contrarily, the country continued to show clear signs of economic growth, with a GDP increase of 6.2 percent in the third quarter of the year.

Malaysia is a country that is open towards foreign direct investment and the positive influence of FDI cannot be overlooked. Investors who want to open a company in the country can contact the experts at our law firm in Malaysia for detailed information about the conditions for investment.