Vietnam’s Consumer Confidence Index falls

Vietnam’s Consumer Confidence Index falls

Hanoi, January 30 (VNA) – ANZ-Roy Morgan Vietnam Consumer Confidence has dropped to 135.4 points in January, 0.2 below last month’s figure.

The index is calculated on the basis of five sub-indices, including the financial context compared to a year ago, predicted financial context next year, expected economic conditions next year, expected economic conditions over the next five years, and the best time to buy major household items.

In terms of personal finances, 33 percent (a 1 percent drop) of Vietnamese consumers said their families are “better off” financially than a year ago compared to 21 percent (also a 1 percent drop) who said their families are “worse off” financially.

Glenn Maguire, ANZ Chief Economist for South Asia, ASEAN & Pacific said after a year of uncertainty, Vietnamese consumers have commenced 2015 with slightly higher confidence in the average index of 2014, despite plummeting crude oil prices.

VNA/VNP

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