Like shoppers around the world, consumers across Asia Pacific have become focused on saving and reducing debt this year, and as a result, have become less inclined to spend on bigger ticket items and out-of-home-entertainment.

Consumers’ hopes for an end to the Global Economic Crisis have been bolstered in the 2nd Quarter 2009, according to a Nielsen Global Consumer Confidence Survey released today. The Nielsen Global Consumer Confidence Index, conducted in 28 markets in June 2009, rose to 82 – an increase of 5 points (from 77) from March 2009 – spurred by renewed consumer optimism and stock market gains in BRIC markets (Brazil, Russia, India, China) and key Asian countries. [See full graphic for complete details]

“In the previous Nielsen Global Consumer Confidence survey conducted …

Singaporeans have always been fond of saving their money. But the global financial meltdown has only added to the attractiveness of savings accounts, according to a new survey from The Nielsen Company.  Close to six in ten (57%) Singaporeans said that they are now saving spare cash at the expense of their investments and insurance, marking a slight increase from pre-crisis levels. 
But the biggest change has come from high-income households.  Prior to the crisis, about 40 percent said that they saved most of their money; now, 52 percent indicate that …

Overall ad spending stayed afloat in Q1 ‘09 vs. Q1 ‘08
Toward the end of 2008, the global downturn was adversely impacting advertising spending throughout many key markets around the world, with Europe and the Americas struggling more than others.  The exception to this was Asia Pacific (APAC), which appeared to be relatively impervious to the worst of the downturn. Beginning in late 2008, and escalating as the first quarter of 2009 unfolded, the majority of APAC markets were finally succumbing to declining economic conditions with substantial declines in advertising activity. …

Consumers around the world are changing the way they spend their money given the difficult and uncertain economic conditions.  In Singapore, one way people are adjusting is by eating at home more frequently, according to new research from Nielsen.  The result: the average Singapore home is spending more on fresh food, groceries and household items than in recent years, creating opportunities for retailers and manufacturers who know how to effectively leverage this new behavior.
The average household has increased overall spending in these categories by 14 percent, with fresh food spend …

Indonesia, Malaysia, Singapore and the Philippines all recorded sound growth in ad spending in 2008 despite the global economic downturn.  Meanwhile, ad spending in Thailand dropped 3 percent during the year as political instability took a toll.
INDONESIA
Leading the group was Indonesia, where ad spending increased 19 percent in 2008 over the previous year, and all four quarter showed growth.

Media Outlet
2008 (US$000s)
2007 (US$000s)
% Change

TV
2,868,654
2,522,678
14%

Newspapers
1,499,080
1,165,809
29%

Magazines
182,731
149,715
22%

TOTAL
4,550,465
3,838,202
19%

Source: Nielsen AIS

The top 10 ad spending categories combined represent 77 percent of all main media spending in Indonesia.  The office equipment/computers/communications category led spending …

Chinese are more likely to travel this week for the National Day Golden Week holiday than they were earlier this year during the Chinese New Year holiday, Nielsen reported Tuesday.
According to a survey conducted by Nielsen, six in 10 Chinese plan to travel between September 29 and October 5 for Golden Week, while just 42% of Chinese reported making plans to travel this past February for Chinese New Year celebrations. 

Boosted by their country’s booming economy and armed with growing disposable incomes, Indians are increasingly venturing abroad for leisure and business travel. 
According to the Nielsen India Outbound Travel Monitor 2008, most international travelers from India are well-educated urbanites.  Countries in Asia — Singapore (24% of Indians), Dubai, Australia, and Malaysia (17% of Indians, respectively) — are the most popular destinations for India’s new travel elite. 
Overall, Asian destinations account for 72% of international leisure trips and 63% of business trips originating in India, Nielsen reported.  In comparison, travel to Europe accounts for just …