Top of the charts

Global consumer confidence is rebounding, and in the US has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed. Confidence was highest in India, followed by Indonesia and Norway, and was weakest in Japan, Latvia, Portugal and South Korea, although in Korea it had improved markedly, according to a quarterly survey by The Nielsen Company, conducted between September 28 and October 16. “Consumer confidence is rising faster in BRIC countries than other markets, driven by increasing job prospects,” Oliver Rust, managing director of Nielsen Hong Kong, said. In the United States and Europe, high unemployment continued to discourage spending on big-ticket items although confidence had improved as the worst appeared to be over for those economies, New York-based Nielsen said.

No comments: