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Thais ranked top savers, Indians most optimistic |
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June 27, 2007 By Satya Adhar  Thai consumer confidence fell sharply by fifteen points from 107 to 92 over the last six months. Thai consumers were pessimistic over job local prospects and nearly half of them didn’t seem confident about the state of their finances for the year ahead, resulting in them being ranked first in the world in terms of “people planning to save any left over cash after paying for essential living expenses” according to the twice-yearly Global Consumer Confidence Study issued by The Nielsen Company.
The Nielsen Company recorded a Global Consumer Confidence Index of 97 in its April 2007 survey, down slightly by two points from 99 in October 2006. Indians continue to register in the Nielsen Index as the most optimistic people in the world, with a confidence index of 135, albeit down slightly from 137 recorded in October 2006 followed by Norway (132) and Denmark (127).
In Thailand, the consumer confidence index rose 12 points from 95 in the first half of 2006 to 107 in the second half of the same year, but sharply fell fifteen points this round to 92 which is the largest fall in the world.
Thais are among the “Top ten most pessimistic about the local job prospect” in the world with 66% perceiving them to be “not so good” and “bad”, compared with 44% in the last six months. Moreover, the report found 45% of Thais are not confident with the state of their personal finances over the next year, which up from 30% over the previous survey in November 2006.
On the contrary, in a previous survey Indians were exceedingly feeling bullish about the job market (95% rating it excellent or good) as well as the state of their personal finances in the next year.
Source: www.acnielson.com
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