The latest fourth quarter 2011 global consumer confidence report by Nielsen, a global leader in providing information about what consumers buy and watch, reveals the ten most optimistic markets in the world.
The findings released earlier this month show that consumer confidence globally increased one index point to 89 at the fourth quarter ended Dec. 31, 2011.
The survey has found that India is the most optimistic market in the world, in consecutive two years in a row. The other key findings of the survey are:
- U.S. consumer confidence index increased 6 points to 83
- China's consumer confidence increased four points to 108
• More than half (52 percent) of respondents describe finances as excellent or good, but about 65 percent think it is not a good time to buy.
• Confidence declined in 24 of 27 European markets
While Europe's challenging economic conditions in the second half of 2011 bought renewed vulnerability and fragility to consumers and financial markets globally, some of the most positive news last quarter came from the world's two largest economies-the U.S. and China-where confidence rebounded to Q1 2011 levels, said Dr. Venkatesh Bala, Chief Economist at The Cambridge Group, a part of Nielsen, in the report.
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Buoyant domestic consumption also maintained confidence levels in the large emerging economies of India, Indonesia and Brazil. However, slowing GDP growth within emerging economies and inflationary pressures would suggest some degree of caution for the year ahead, he added.
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