Retail in Asia

In Markets

Singapore consumer confidence falls for 2nd consecutive month

Consumer confidence in Singapore slid in July for a second consecutive month, according to a monthly survey released on Wednesday.

This was partly due to less certainty among poll respondents that their families would be better off in a year’s time.

The ANZ-Roy Morgan Singapore Consumer Confidence index fell to 126.4 in July, down three points from June, though it remained above its long-term average of 122.8 points.