The ANZ-Roy Morgan Singapore Consumer Confidence index rose to 130.5 in August – the highest in more than a year – primarily driven by an increase in the number of local respondents who felt that now is a "good time to buy" major household items, keeping the index elevated above its long-term average of 123.1 points.
Compared to the previous month, the index rose 4.1 points. Year on year, the index is 11.5 points higher than August 2014’s 119.
In terms of personal finances, 31 percent of respondents said their families are "better off" financially than a year ago. Nine per cent said they are "worse off" financially.
(Source: The Business Times)