# ASEAN consumer confidence outlook

> Live situation record from CLSTR: https://clstr.news/situations/asean-consumer-confidence-outlook
> Updated: 2026-07-29T18:44:02.000Z. Sources: 4. Developments: 2.

A July 23 survey showed mixed sentiment across ASEAN. Singapore’s confidence rose to 56 points and Thailand to 51, while Indonesia fell below the neutral threshold and Vietnam and Malaysia hovered around the mid‑60s. The overall ASEAN Consumer Sentiment Index stood at 54, reflecting optimism despite geopolitical strains and high household debt.

A week later, the index remained steady at 54, with Singapore posting the strongest gain and Thailand also improving. The macro‑sub‑index climbed to 61, signaling confidence in the broader economic outlook, even as the personal‑finance sub‑index slipped slightly to 51. At the same time, private‑equity firms with China experience expanded into Southeast Asia, targeting growth sectors such as electric vehicles, batteries, logistics and digital consumer services.

Together, the snapshots depict a generally upbeat ASEAN consumer mood that held steady over the period, highlighted by stronger confidence in Singapore and Thailand, a modest dip in personal‑finance sentiment, and growing private‑equity interest in the region’s growth markets.

## Timeline

### 2026-07-29: ASEAN economic optimism lifts consumer confidence and draws private‑equity scrutiny

ASEAN consumer confidence stays upbeat, led by Singapore, while private‑equity firms expanding from China face scrutiny over state‑linked investments in the region.

2 sources. https://clstr.news/cluster/asean-economic-optimism-lifts-consumer-confidence-and-draws-privateequity-scrutiny

### 2026-07-23: US and ASEAN Consumer Confidence Shows Diverging Trends Amid Cost‑of‑Living Pressures

U.S. consumers report low difficulty buying pet supplies, while ASEAN surveys show rising optimism in Singapore and Thailand but mixed sentiment elsewhere, reflecting varied cost‑of‑living pressures.

2 sources. https://clstr.news/cluster/us-and-asean-consumer-confidence-shows-diverging-trends-amid-costofliving-pressures

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Cite as: ASEAN consumer confidence outlook. CLSTR, https://clstr.news/situations/asean-consumer-confidence-outlook
