Malaysia Consumer Sentiment Index
Majority of malaysians have a positive outlook on their personal finances and job prospects.
Malaysia consumer sentiment index. Malaysia has placed seventh globally on the consumer confidence index cci with an index score of 118 points in q4 2018. The university s gauge of current economic conditions jumped to 87 5 from 82 9. The economy job security debt and work life balance are top concerns. The country posted the fourth highest y o y gain among the 64 countries measured up 11 points vs.
Consumer sentiment is an economic indicator that measures how optimistic consumers feel about their finances and the state of the economy. Sentiment among home seekers was already in decline at the start of the year with the propertyguru malaysia consumer sentiment study h1 2020 reporting a drop in the property sentiment index to 42. This page provides malaysia business confidence actual values historical data forecast chart statistics economic calendar and news. 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.
While there is a nine point decrease from the previous quarter the country has still posted the biggest year on year gain among the 64 countries measured up 24 points versus q4 2017 according to the. Wednesday 21 october 2020 1200 special release 2 for building and structural works september 2020 new. Business confidence in malaysia decreased to 60 points in the second quarter of 2020 from 81 points in the first quarter of 2020. In malaysia the consumer sentiments index survey is conducted quarterly on a sample of over 1200 households.
Consumer sentiment index data is updated quarterly averaging 108 950 cut off pt 100 from mar 1988 to jun 2020 with 130 observations. Respondents are asked to evaluate on their household s current and expected financial positions and their employment outlook. Consumer sentiment index data was reported at 90 100 cut off pt 100 in jun 2020. This records an increase from the previous number of 51 100 cut off pt 100 for mar 2020.
Consumer behaviour reflects income level and general economic conditions. 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. The index of consumer expectations rose to 73 5 from 68 5 also hitting its highest since march. Consumer price index malaysia september 2020 new 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.
Questions relating to plans to buy houses new or used cars and other major consumer durable are also asked.