More than half of consumers globally upbeat on job prospects -Nielsen

martes 22 de julio de 2014 00:00 GYT
 

* Global consumer confidence at highest since Q1 2007
    * India overtakes Indonesia as most optimistic market
    * Portugal is most pessimistic

    By Susan Fenton
    LONDON, July 22 (Reuters) - More than half of consumers
globally expect job prospects to be good to excellent in the
year ahead, a survey showed on Tuesday.
    That helped push global consumer confidence up in the second
quarter to its highest since the first quarter of 2007,
according to the survey by global information and insights
company Nielsen.
    India overtook Indonesia as the most optimistic consumer
market, while Portugal and Slovenia were the most pessimistic.
    Japan and Hong Kong saw the biggest declines in confidence
from the previous quarter.
    The Nielsen Global Consumer Confidence Index rose 1 point in
the second quarter to 97, according to the survey, conducted
between May 12 and 30. The reading headed closer to the 100 mark
that signals optimism among consumers.
    U.S. consumers were the eighth most upbeat globally as
optimism about job prospects surged.
    "Payroll growth is visible across a range of (U.S.) sectors,
which is also positive," said Venkatesh Bala, chief economist at
the Cambridge Group, a part of Nielsen. "However, real-wage
growth of workers has been anaemic so far, and needs to pick up
substantially, along with other improvements in the labour
market, in order for consumer spending to increase in a
broad-based way." 
    By region, consumers in the Asia Pacific were most confident
about job prospects with 65 percent seeing favourable job
opportunities for the year ahead, up from 64 percent in the
first quarter.
    Globally, 56 percent of respondents to the survey viewed
their personal finances positively, up from 55 percent over the
past three consecutive quarters. North America reported the
biggest increase, with 63 percent of respondents feeling secure
in money matters over the next 12 months, up from 59 percent in
the first quarter.   
    While consumer confidence in debt-laden euro zone economies
remained weak it improved sharply in Italy, which Nielsen
attributed to confidence in Prime Minister Matteo Renzi's new
government, formed in February.
    Confidence also continued to slowly improve in Greece,
France and Spain.
    Outside the euro zone, consumer sentiment in Britain rose to
its highest level since 2007 as the country's economy continued
to outperform euro zone peers.
    Ukraine, meanwhile, saw a rebound in consumer sentiment
after a sharp fall in the first quarter following a political
crisis and tensions with Russia after Moscow annexed the Crimea
region.
    The Nielsen survey covered more than 30,000 online consumers
across 60 markets.

Nielsen Global Consumer Confidence Index in the second quarter,
2014 (change from Q1 survey in brackets):

 Top 10 index readings             Bottom 10 index readings

 India                 128 (+7)      Spain          62 (+1)
 Indonesia             123 (-1)      Ukraine        61 (+5)
 Philippines           120 (+4)      France         60 (+1)
 China                 111 (0)       Hungary        56 (+2)
 UAE                   109 (-5)      Greece         55 (+2)
 Denmark               106 (+6)      S. Korea       53 (+2)
 Thailand              105 (-3)      Italy, Serbia  51 (+6,-1)
 United States         104 (+4)      Croatia        50 (+5)
 Hong Kong             103 (-8)      Slovenia       49 (+1)
 Saudi Arabia/Canada  102 (0,+3)     Portugal       48 (-3)

---------------------------------------------------------------

  Global consumer confidence average      97 (+1)
  Germany                                 96 (-3)
  UK                                      90 (+3)
  Japan                                   73 (-8)


Source: Nielsen


 


 (editing by John Stonestreet)