Business: Feb 12, 2012

India has once again raised the most optimistic market, driven by its vibrant domestic consumption levels, but slowing growth and inflation concerns may put pressure on consumer confidence for the year ahead, says the study.

According to the latest Nielsen global consumer confidence in the conclusions, a provider of information and knowledge by consumers to view and buy the most optimistic market in India remains the world's eighth consecutive quarters of a point rise in the consumer confidence index 122nd

India was followed by Indonesia and the Philippines in the list is 117.

Venkatesh Bala, chief economist at the Cambridge Group, a part of Nielsen, said: "Floating reduce domestic consumption also maintained a high level of confidence in emerging economies, India, Indonesia and Brazil. However, GDP growth will slow over the emerging inflationary pressures and perhaps some degree of caution in the year ahead."

Nielsen to further the development of India's managing director Justin Sargent said: "The stabilization of the Indian consumer confidence metric is encouraging and maintaining excellence in the world reminds us of the inherent strength of Indian economy, India's savings to the consumer attitudes and consumer sentiment positivity, probably contributed to the recent cooling of inflationary pressures."

Meanwhile, consumer confidence rose in December quarter, led by world's two largest economies in the world? - U.S. and China - but deteriorating euro zone countries.

Global consumer confidence index rose 1 point to 89, even if the confidence level of 24 out of 27 European markets have seen decrease.

"While the challenging economic conditions in the second half of 2011 bought the updated vulnerability and fragility of consumer and financial markets around the world, some of the most positive news in the last quarter, the world's two largest economies? - U.S. and China -? Where confidence rebounded to Q1 2011 levels," Bala added .

Level of trust dropped 35 out of 56 markets, although the confidence to markets and was increased by 12 apartment 9, but buyers are still wary of a survey, which took place on 23 November and 9 December 2011, he said.

Hungary was the world's most pessimistic market for 30 index points, followed by Portugal (36) and Greece (41), where confidence in the quarter fell 7, 4 and 10, respectively.

"The European market accounted for 9 10 the most depressed markets in the last quarter," the report said.

In addition, consumer spending is likely to remain subdued in the second half.

"Although consumers are increasingly confident in their personal finances for the year ahead is still a reluctance to spend, particularly in western growing tensions in the Middle East and their impact on gasoline prices could further aggravate global consumer concerns and spending plans," Bala added.

More than half (52%) of global online consumers described their personal finances for 2012 as a good / good, up to 50% in Q3 2011, but 65% indicated not a good time to buy.

Business

Sunday, February 12, 2012

India retains world's most optimistic market tag

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