CONSUMER CONFIDENCE IN MALAYSIA REMAINS POSITIVE, SAYS MASTERCARD INDEX

12 Jul 2013 11:19

KUALA LUMPUR, July 12 (Bernama) -- Consumer confidence remains positive in Malaysia given the optimistic economic outlook, employment prospects and encouraging local stock market and quality of life, according to the findings of the MasterCard Worldwide Index.

The improved confidence would build through 2013 with good prospects for continued support and growth, said President, South East Asia, MasterCard Worldwide.

"Given the natural uncertainty associated with any election period, the fact that we saw increased consumer confidence in the MasterCard Index of Consumer Confidence in Malaysia is very positive," he said when revealing the findings of the survey in a statement today.

The MasterCard Index of Consumer Confidence (Index) is based on a survey conducted between April 2013 and May 2013 on 12,205 respondents aged 18 â€" 64 in 27 countries within Asia/Pacific, Middle East and Africa.

Meanwhile, Region Head, Asia/Pacific, MasterCard Advisors, Pierre Burret said overall, Asians were still relatively optimistic about the state of their economies.

"The large jumps in consumer confidence seen in Japan can be attributed to the government’s measures to tackle deflation, whereas in the case of Korea it can be linked to the new government’s strong measures to boost the domestic economy, particularly in property-related tax cuts," Burret added.

-- BERNAMA

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