By Susan Fenton
LONDON | Mon Jul 16, 2012 6:32pm IST
(Reuters) - Global consumer confidence dipped in the second quarter from the previous three months, according to a survey published on Monday which also showed that Indonesians have overtaken Indians as the most upbeat consumers.
Consumer confidence fell across major emerging economies China, India and Brazil in the second quarter, according to the survey by global information company Nielsen.
A worsening euro zone crisis, sluggish U.S. jobs growth and slowing growth in China and India combined to dent consumer confidence globally in the second quarter with concern over the economic outlook and job security the biggest concerns.
Fifty-three percent of global respondents were optimistic about their personal finances, but that was down 2 percentage points from the first quarter. Asia-Pacific respondents reported the biggest decline in favorable financial perceptions, declining four points to 59 percent.
The Nielsen Global Consumer Confidence Index dipped 3 points in the second quarter to 91. A reading below 100 signals consumers are pessimistic about the outlook.
There was however no increase in the number of consumers who said they were in recession, which stayed at 57 percent.
"Things are not necessarily getting worse for the average consumer, they just aren't getting better. That number, however, could change depending particularly on how the situation in Europe evolves," said Venkatesh Bala, chief economist at The Cambridge Group, a part of Nielsen.
The survey was conducted between May 4 and 21 and covered more than 28,000 consumers polled on the Internet across 56 markets.
U.S. consumer confidence fell by 5 points to 87 in the second quarter, as reported last month, one of the biggest decreases globally.
INDONESIA RACES AHEAD
Indonesia's shift to top spot in the survey was a further sign that the country, with its big domestic economy and an expanding middle class, is weathering the global slowdown better than some other emerging markets.
"In Indonesia, consumer optimism has been evident all year fuelled by investment rating upgrades from Moody's and Fitch," said Catherine Eddy, managing director, Nielsen Indonesia.
"The market is very buoyant among consumers and investors right now and with a population of 240 million, Indonesia is possibly the next big bastion after China and India."
In Egypt, which elected a new president last month in its first free elections, consumer sentiment leapt 6 points, pushing Egyptians into the top 10 most optimistic consumers globally.
Hungarians, beset by a weakening economy and uncertainty about whether the government will secure an IMF aid deal, remained the most pessimistic consumers for a fourth straight quarter, their score dipping from the first quarter.
Confidence in Italy, which has been forced to announce new austerity measures to tackle its high debt, also dipped and was the third-lowest globally.
Euro zone peers France and Greece, which both held elections in the second quarter, saw big rises in consumer confidence but both still ranked in the bottom 10 globally, as did Spain and Portugal. Japan and South Korea have also seen persistently weak confidence in recent quarters and stayed in the bottom 10 rankings.
Nielsen Global Consumer Confidence Index in the second quarter, 2012 (Change from Q1, 2012 survey in brackets):
Top 10 index readings Bottom 10 index readings
Indonesia 120 (+2) Romania 62 (+2)
India 119 (-4) France 61 (+11)
Philippines 116 (-2) Japan 57 (-1)
Saudi Arabia 115 (-4) Spain 52 (-1)
Malaysia 111 (+4) S. Korea 50 (+1)
UAE 108 (+3) Croatia 45 (0)
Brazil 106 (-4) Greece 43 (+6)
China 105 (-5) Italy 41 (-4)
Hong Kong/Thailand 104 (+1,+3) Portugal 40 (+1)
Egypt 103 (+6) Hungary 30 (-2)
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Global consumer confidence average 91 (-3)
United States 87 (-5)
Germany 88 (-2)
UK 75 (-2)
Source: Nielsen
(Editing by Tim Pearce)
Online Article Source: http://in.reuters.com/article/2012/07/16/us-global-confidence-nielsen-idINBRE86F0IA20120716
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Wednesday, December 12, 2012
Indonesia overtakes India, most bullish consumer-Nielsen
Friday, May 27, 2011
Indonesia is the Best Country for Business Start, BBC News
It has been a hard time for Indonesian exporters. Slowly but sure IDR (Rp.) is getting stronger than USD which always become the parameter for any export price decision maker among Indonesia’s CEO of export company. Further, the world has been sharing much positive news about Indonesia even until today. In some cases, like or not, SBY has brought some positive image to the world perspectives, while he is now challenged by many domestic cases and issues from his political opponent, and even from his own party.It is still debatable but export businesses (and any business, I think) are now facing a serious challenge caused by the economical turmoil in USA and many European countries which some people think is over, while other are still struggle. But for us, Indonesian, there is an interesting news from BBC, so interesting that I am eagerly want to post it here, and below are the news:
Indonesia is the best place for entrepreneurs to start a business,
a BBC survey has suggested.
The US, Canada, India and Australia are seen as among the next best countries at supporting new businesses.
At the other extreme, Colombia, Egypt, Turkey, Italy and Russia are among the least entrepreneur-friendly.
The survey for the BBC's Extreme World series found wide variations in perceptions of the support different cultures offer to start-ups.
The results come from a survey of more than 24,000 people across 24 countries.
They were asked whether innovation was highly valued in their country; whether it was hard for people like them to start a business; whether people who do were highly valued; and whether people with good ideas could usually put them into practice.
Relatively favourable
Taking all the answers together as a single index, Indonesia came out as the most favourable place for entrepreneurs.
Also near the top were the US, Canada and Australia.
All the developed economies surveyed were above the average score, with the exception of Italy, which was far below.
But there were also plenty of developing economies that came out as pro-entrepreneur - India, China and Nigeria were also perceived by their own people as relatively favourable places for new businesses.
In terms of regions, the four countries of East Asia and the Pacific surveyed all received high scores. All the three countries in Sub-Saharan Africa also scored above average.
But other regions were more varied. In Latin America, Mexico and Peru scored relatively highly, but Brazil and Columbia were well below average.
In Western Europe, low scores in Italy and Spain were balanced by perceptions of a more favourable environment for entrepreneurs in Germany, France and the UK.
Surprise results
The poll does not provide evidence on why people took the views they did, and in some respects the results are consistent with widely-held perceptions of the country concerned.
For example, the US has a particularly pro-private sector culture and a smaller state sector than many western European countries. It is seen as a good place for entrepreneurs.
Russia, which received a low score in this poll, is seen internationally as a place where the state is too prone to intervene in economic life.
But there are some surprises. Labour laws in France are relatively tough, yet in this poll the country was seen as a good place for a new business.
Nigeria's problem with corruption did not stop it doing better than most countries in this survey.
The poll was undertaken for the BBC World Service by the international survey firm Globescan together with the Program on International Policy Attitudes at the University of Maryland.
Source:
- News: www.bbc.co.uk (By Andrew Walker Economics correspondent, BBC World Service)
- Image: www.bbc.co.uk
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Friday, March 11, 2011
Japan Earthquake & Tsunami 2011 ; My hearts and Thoughts be with you
My heart goes out to Japan in this time of tragic disaster. Please hang in there Japan as I believe you do, and may God be with you and all the other countries who will surely suffer the tsunami in its wake. All warmest condolences to the people of Japan, especially, Mr. Hiroyuki Kamiakito, Mrs. Miyuki Kamiakito, Ayaha, Ritsuki, Mr. Miura Shindhoh, Mr. Hiroyuki Koike, Pulau president & staffs.
In the deepest sorrow with all of you, people of Japan
- Salim - Trisni - Aisha -
Tsunami follows quake in northern Japan
Japan was struck by a magnitude 8.9 earthquake off its northeastern coast Friday, unleashing a four-metrer tsunami that washed away cars and tore away buildings along the coast near the epicentre.
There were reports of injuries in Tokyo and coastal areas.
In various locations along Japan's coast, TV footage showed massive damage from the tsunami, with dozens of cars, boats and even buildings being carried along by waters. A large ship swept away by the tsunami rammed directly into a breakwater in Kesennuma City in Miyagi prefecture, according to footage on public broadcaster NHK.
People stand outdoors after evacuating from nearby buildings in Tokyo's financial district. People stand outdoors after evacuating from nearby buildings in Tokyo's financial district. Toru Hanai/Reuters Officials were trying to assess damage, injuries and deaths from the quake but had no immediate details.
The quake that struck at 2:46 p.m. local time was followed by a series of aftershocks, including a 7.4-magnitude one about 30 minutes later. The U.S. Geological Survey upgraded the strength of the first quake to a magnitude 8.9.
The meteorological agency issued a tsunami warning for the entire Pacific coast of Japan. National broadcaster NHK was warning those near the coast to get to safer ground.
The Pacific Tsunami Warning Center in Hawaii said a tsunami warning was in effect for Japan, Russia, Marcus Island and the Northern Marianas. A tsunami watch has been issued for Guam, Taiwan, the Philippines, Indonesia and the U.S. state of Hawaii.
The quake struck at a depth of 10 kilometres, about 125 kilometres off the eastern coast, the agency said.
The area is 380 kilometres northeast of Tokyo.
In downtown Tokyo, large buildings shook violently and workers poured into the street for safety. TV footage showed a large building on fire and bellowing smoke in the Odaiba district of Tokyo.
In central Tokyo, trains were stopped and passengers walked along the tracks to platforms.
Footage on NHK from their Sendai office showed employees stumbling around and books and papers crashing from desks.
Several quakes had hit the same region in recent days, including a 7.3 magnitude one on Wednesday.
Thirty minutes after the quake, tall buildings were still swaying in Tokyo and mobile phone networks were not working.
Japan's coast guard has set up task force and officials are standing by for emergency contingencies, coast guard official Yosuke Oi said.
"I'm afraid we'll soon find out about damages, since the quake was so strong," he said
News Source: www.cbc.ca
Image Source: www.jma.go.jp
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Wednesday, March 28, 2007
Wednesday, March 21, 2007
PULAU (www.pulau.jp)
Now, it is the time for you all to feel the warmth in Japan even when it is snowy there:-).
Who knows we will meet there someday and have a long talks about Indonesia, Indonesian, and Indonesian products....LOL.
Regards
Monday, March 19, 2007
Introduction
Dear All,
It is the first post that I made (LOL). It must be exciting when we do something for the first time;-) It is so....I would like to welcome to all bloggers to be invited here in this blog. I can not say many things here as it is my first time. "Don't know what to say I send my best regards to my Master "Mr Hiroyuki Kamiakito" and his colleague "Mr. Miura Shindoh" . Let's fight ever after Boss. The success is about to come in our life. I am sure about that..ha..ha.. My love is all sent to my "little angel in my heart";-).
To all bloggers, I invite you all here again...ha..ha..ha..
Regards
Salim
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