Malaysia – MIER: Consumers remain cautious

• Oct 22, 2020

KUALA LUMPUR: In its Consumer Sentiments Survey Report for the third quarter (Q3) of 2020, the Malaysian Institute of Economic Research’s (MIER) said consumers remained cautious on the Covid-19 pandemic.

This is reflected in the latest CSI which, at 91.5, has changed little from the prior quarter’s 90.1 and remains below the 100-point optimism threshold, the institute said.

Employment prospects, it said, are a big disappointment.

An absolute majority of 63% of the survey respondents were of the view that jobs were scarce in Q3 2020, up from 62% and 52% in Q2 2020 and Q3 2019, respectively. —Bernama

Source: https://www.thestar.com.my/business/business-news/2020/10/22/mier-consumers-remain-cautious