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September 19, 2017

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Indians, Indonesians most positive in slump

HONG KONG -- India and Indonesia have Asia's highest levels of consumer confidence in the face of the global economic slump, according to a survey published Friday.

India ranked first in the global survey of consumer confidence conducted in September and October while Indonesia finished third behind Denmark, the South China Morning Post reported.

Australia ranked fifth in the survey of 52 countries and territories while New Zealand was joint eighth, Vietnam ninth and mainland China joint 10th.

The survey was conducted by the market research company Nielsen and ranked consumer confidence on a scale of one to 200. India scored 114, Denmark 112 and Indonesia 110, compared with an average of 84.

Other countries in the top 10, which included 18 countries because of a high number of tied positions, were the United Arab Emirates, Norway, Brazil, the Philippines, the Netherlands, Switzerland, Canada, Columbia and Venezuela.

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