Singaporeans cut back on shopping, entertainment, holidays

Singapore

SINGAPOREANS were more watchful about their discretionary spending in the second quarter of 2017, according to a Nielsen survey.

The latest Nielsen Global Survey of Consumer Confidence and Spending covering the second quarter found that local consumers cut back on lifestyle expenses, such as shopping for new clothes (54 per cent of respondents), out-of-home entertainment (45 per cent), and holidays and short breaks (43 per cent).

But overall, Singaporeans were less apprehensive in the second quarter about the economy a…