Economists and investors have turned optimistic about the Indian economy since Prime Minister Narendra Modi took over in New Delhi this May.
Sweeping to victory with a strong majority, the new Bharatiya Janata Party (BJP) administration is expected to roll out a series of policy reforms that will kick start growth in Asia’s third largest economy. But has this triggered a boom in the Indian consumer sector too? Read more
Another reminder of the challenges facing Dilma Rousseff as she struggles to put together an economic team for her second term in office: consumer confidence is at its lowest ebb since the depths of the global financial crisis in December 2008.
Take a look at the latest data and India’s economy seems to be improving. Inflation is slowing, industrial production is better than expected and consumer confidence has improved for four consecutive months. But is it all a little too late for the incumbent Congress party? Read more
Out of 60 countries, Indonesia and the Philippines are home to the most optimistic consumers. Thailand comes fourth on the consumer confidence index compiled by Nielsen, a research company.
Yet ask these consumers how they will spend their cash, and they tell Nielsen they’d prefer to save it, actually. Read more
South Africa’s recent economic data hasn’t exactly been stellar – but this is a big worry. The quarterly consumer confidence index from the Bureau for Economic Research has come in for September at minus 8, the lowest score for a decade.
Not even in the financial crisis and recent recession did the index get that low. What’s going on? Read more
Times are tough for emerging markets. Currencies have taken a battering. And money has been flowing out of equity and bond markets alike. Policy makers are worried.
But consumers aren’t quite so glum. In the second quarter the Nielsen Global Survey of Consumer Confidence and Spending Intentions showed a marginal quarterly improvement in all regions except Latin America. Read more
“A great spirit of change is coursing through all of Mexico,” President Enrique Peña Nieto said in his New Year’s message to the Mexican nation on Monday night. And the very next morning, the national statistics agency confirmed his view.
Within a few weeks of Peña Nieto’s inauguration, the agency reported on Tuesday that consumer confidence in December was at its highest in five years – 99 points, up from the 90.8 points of the same month of 2011. The 100-point base of the index, by the way, was set in 2003. Read more