Consumer confidence: Concerns and spending intentions around the world Q4 2012
Global consumer confidence indexed at 91 in Q4 2012, a one-point decline from Q3 2012, but an increase of two points from Q4 2011, according to consumer confidence findings from Nielsen, a leading global provider of information and insights into what consumers watch and buy. However, the relatively flat global average across the last year doesn't tell the entire story. Across the 58 countries we measured in Q4 2012, confidence declined in 33 countries, remained flat in six countries, and increased in 19 countries relative to the prior quarter.
"Consumers around the world grappled with increasing economic concerns as the Euro zone crisis spread from troubled to core countries, the United States fiscal cliff threat loomed large, and China's rising inflation sparked monetary policy action," said Dr. Venkatesh Bala, chief economist at The Cambridge Group, a part of Nielsen. "Consumers are proceeding with caution in 2013 and showed renewed discretionary spending restraint in the last quarter amid further global economic and political uncertainty."