In the third quarter of the current year, European consumer confidence index is showing signs of recovery, climbing back to the level recorded in previous years. In Europe, consumer confidence improved (by around 2 points) in 26 of 34 measured markets from the second quarter. The UK’s score surged by eight points. However, the European is still lagging behind when compared with the rest of the world.
In Asia-Pacific, consumer confidence scores ranged from a high of 133 to a low of 46, with similar divergent scores in Europe (from 107 to 50), Latin America (from 104 to 57) and Africa/Middle East (from 108 to 70). In North America, however, confidence scores were more closely aligned in the US (106) and Canada (97). The figure is based on the perceptions of employment prospects and of the economic situation (up 3 points; 32 per cent), on personal finances (up 1 point; 42 per cent), and also on consumers’ short-term expenditure plans (up 1 point; 34 per cent).
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“Economic circumstances still vary widely globally, and within regions such as Asia-Pacific. So it is notable that in the Asia-Pacific region, overall consumer confidence has been resilient, as have consumer spending trends. Still, Asia-Pacific is an area to watch: The region’s relatively strong growth is dependent in part on global economic conditions, including those of China,” underlined Louise Keely, Executive Vice President, Retail Vertical, Nielsen.
