S'pore consumer confidence index dips again in Oct: poll

Singapore

SINGAPORE'S consumer confidence remained on the downtrend for the second straight month in October, according to a monthly survey by ANZ and Australia-based market research firm Roy Morgan Research.

The ANZ-Roy Morgan Singapore Consumer Confidence Index for October slipped 4.6 points month on month to 125, following a 0.9-point month-on-month drop in September.

But the index remains above its long-term average of 123.5 and is 4.8 points higher than it was a year ago. Overall, respondent…