SINGAPORE: Consumers in Singapore are living up to
their food-lovers reputation.
They continue to make Dining and Entertainment their
top spending priority for the next six months, according to the
MasterCard Survey on Consumer Purchasing
Priorities.
The survey found that 74 per cent of those polled in
Singapore said they would spend on dining and entertainment in the
next six months, the highest indicated level since the survey
began, representing a growth of four points from six months
ago.
MasterCard said Dining and Entertainment has topped Singaporeans'
list of purchasing priorities for three years running.
Meanwhile, Consumer Electronics ties with Fashion & Accessories
in second place at 58 per cent, with International Personal Air
Travel placing third on Singaporeans' purchasing priorities at 45
per cent.
The survey also shows that 58 per cent of consumers in Singapore
plan to maintain the same level of discretionary spending in the
next six months, a slight dip from 60 per cent six months
ago.
19 per cent of Singaporeans intend to increase their spending,
compared to 16 per cent six months ago and 23 per cent are planning
to spend less, down one percentage point from the second half of
last year.
Some 400 Singapore consumers were polled for the survey.
- CNA/fa