Malaysia Consumer Sentiment Index
The country posted the fourth highest y o y gain among the 64 countries measured up 11 points vs.
Malaysia consumer sentiment index. Referring to the mier s consumer sentiment index and business condition index nambiar points out that the indices were already straggling even before the coronavirus outbreak. Malaysia has placed 6th globally on the consumer confidence index cci with an index score of 115 points in q1 2019 largely in line with last quarter s score 118 points. Consumer sentiment index data is updated quarterly averaging 108 950 cut off pt 100 from mar 1988 to jun 2020 with 130 observations. This page provides malaysia consumer confidence.
The consumer confidence index cci score for malaysia decreased 11 percentage points in the third quarter to a score of 78 the lowest score in nielsen s 10 year cci history since we started the global online survey on consumer confidence and spending intentions back in 2005 said richard hall nielsen malaysia s country manager. The latest figures represent the 11th consecutive quarter of the index hovering below the 100 point threshold level of confidence. Business confidence in malaysia decreased to 60 points in the second quarter of 2020 from 81 points in the first quarter of 2020. Consumer sentiment index data was reported at 90 100 cut off pt 100 in jun 2020.
1 nor azza mohd haniff a phd student in islamic finance at inceif lorong universiti a 59100 kuala lumpur malaysia. Sentiment index does not have any predictive value on consumer spending either in the short run or in the long run although a cointegrating relationship exists between the variables. Consumer confidence in malaysia averaged 97 35 points from 2005 until 2020 reaching an all time high of 132 90 points in the second quarter of 2018 and a record low of 51 10 points in the first quarter of 2020. Business confidence in malaysia averaged 102 06 points from 1998 until 2020 reaching an all time high of 126 points in the third quarter of 2000 and a record low of 60 points in the second quarter of 2020.
The survey of consumer sentiments initiated in january 1987 is a series of surveys conducted quarterly on a sample of over 1200 households in peninsular malaysia to gauge consumer spending trends and sentiments. Wednesday 21 october 2020 1200. Consumer confidence in malaysia increased to 90 points in the second quarter of 2020 from 51 10 points in the first quarter of 2020. The mier consumer sentiment index csi stood at 76 6 in the first quarter gaining 6 8 and 3 7 points quarter on quarter and year on year respectively.
This page provides malaysia business confidence actual. Consumer price index malaysia september 2020 the consumer price index cpi declined 1 4 per cent in september 2020 to 120 1 as against 121 8 in the same month of the preceding year.