, Singapore

Consumer confidence lags regional peers despite uptick in H2: survey

Singapore ranks fifth out of seven markets.

Singaporean consumers were slightly more upbeat in the second half, according to MasterCard's latest Consumer Confidence Index.

Singapore's consumer confidence reached 65.3 points in 2H, an increase of 4.4 index points compared to six months ago.

Overall consumer confidence lifted because of increase in four out of five indicators – economy, regular income, stock market, quality of life.

Despite the uptick, Singapore still lags regional peers in terms of consumer confidence.

In Southeast Asia, Singapore ranks fifth out of the seven markets surveyed for consumer confidence. Singapore's consumer confidence is also below the Southeast Asian average of 71 index points.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.