Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (82773)	11/6/2011 4:55:39 AM
From: elmatador	Respond to of 218470

Asia Pacific continued to dominate the list of most optimistic countries with seven of the top 10 highest consumer confidence scores hailing from this region. India, despite a decline of five points, retains the top spot with an index of 121, followed by Saudi Arabia (120), Indonesia (114), Brazil (112), Philippines (112), Thailand (109), United Arab Emirates (105), China (104), Hong Kong (104) and Malaysia (101). Hungary (37) was the most pessimistic country in third quarter, together with Portugal (40), South Korea, Romania and Croatia (49). This is the 'feeling wealthier' effect that pushes economic growth (Nielsen) Latest results showed a decline in confidence in 31 of the 56 global markets. The latest round of the survey was conducted between August 30 and September 16, 2011. A majority of respondents (64%) agreed that now is not a good time to buy the things they want and need, with one-in-five Europeans and one-in-three North Americans reporting they have no spare cash. Nielsen said the outlook for consumers in these regions is more pessimistic now than it was at the height of the 2009 recession. Venkatesh Bala, chief economist at The Cambridge Group, a part of Nielsen, said," A recessionary mindset is growing among consumers as more than half say they are currently in a recession—up four percentage points from last quarter and seven points from the start of the year." Among North American and European respondents who believed they were in a recession, roughly 60 percent believed it would continue into the next year—up from 54 percent in the first quarter of 2009. U.S. consumer confidence dropped one point to an index of 77. Consumer confidence also fell by one point last quarter in China from 105 to 104 and one point in Germany, Europe's largest economy. rttnews.com