World Economy

Malaysians Confidence Weakens

Malaysians Confidence WeakensMalaysians Confidence Weakens

Consumer spending in Malaysia is expected to remain flat at best for the next six months, according to the forecast by market research firm Nielsen, Malaynews reported. This is based on the Nielsen Consumer Confidence Index dipping by five points to 84 percentage points in the fourth quarter of last year compared with the preceding quarter. The consumer sentiment does not appear to reflect the state of the overall economy. The economy grew at 4.5% in Q4, the fastest pace in a year, according to data from the Department of Statistics.


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