Consumer confidence hits 8-month high in March: survey

Singapore

THE ANZ-Roy Morgan Singapore Consumer Confidence index rose 3.8 points in March to hit an eight-month high of 124.5 on expectations of better personal financial situations.

The index made the most gains in terms of how consumers viewed their personal financial outlook. Asked how their personal and family financial situation was compared to a year ago, 31.1 per cent of respondents in a survey said they were better off, up from 26.8 per cent in February. About 7.1 per cent said they were worse off, down from 11.2 per cent in February.