Thursday, December 9, 2010
Consumer confidence is up: the Mid Valley Index
I noticed the correlation between consumer confidence and the amount of activity in Mid Valley Shopping Mall for the last 11 years. In fact, the amount of Christmas decorations gives a relatively accurate reading of consumer confidence. If any of you have the opportunity to visit this huge mall, you will see the amount of decoration that has been put in place compared to previous years. With yesterday's front page news regarding bonus for private sector staff, it seems to prove the point about consumer confidence.