Singapore’s consumer confidence index has fallen seven points to 94 in Q4, according to the latest Nielsen global survey of consumer confidence and spending released on Tuesday.
The Nielsen consumer confidence index measures perceptions of local job prospects, personal finances and immediate spending intentions, among more than 30,000 respondents in 61 countries.
Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism respectively. According to its findings, Singaporeans have displayed signs of apprehension in Q4 (40 percent, as compared to 30 percent in Q3).