Singapore consumer confidence down amid personal finance worries

Consumer confidence in Singapore fell in February, mainly due to Singaporeans’ reduced confidence about their personal finances over the next 12 months.

This is according to a consumer confidence index by ANZ-Roy Morgan which fell 2.1 percentage points (ppts) month on month to 120.7 in February.

The index sampled 1,000 randomly selected Singaporeans via face-to-face interviews, and also ensured that the income and gender proportions were similar to those of the national census.