Mastercard Asia Pacific Consumer Retail Barometer Summary (June 2019)
Core Content
The Mastercard Asia Pacific Consumer Retail Barometer provides insights into consumer confidence, retail business sentiment, retail sales growth, and credit card expenditure growth across various markets in the Asia Pacific region for the period ending in June 2019. The data is presented in the form of component scores, with the following interpretations:
- 0-1: Negative, Lower than Prev.
- 1-2: Negative, Higher than Prev.
- 2-3: Positive, Lower than Prev.
- 3-4: Positive, Higher than Prev.
Consumer Confidence Component
| Market |
Dec 18 |
Jan-19 (p) |
Feb-19 (p) |
Mar-19 (p) |
Apr-19 (p) |
| Asia Pacific Average |
2.27 |
2.27 |
2.55 |
2.00 |
2.73▲ |
| Mainland China |
4 |
4 |
4 |
3 |
4▲ |
| Japan |
1 |
1 |
1 |
1 |
1 |
| South Korea |
2 |
2 |
2 |
2 |
4▲ |
| Taiwan |
1 |
2 |
2 |
1 |
2▲ |
| Hong Kong SAR |
1 |
2 |
2 |
2 |
2 |
| Singapore |
4 |
3 |
3 |
3 |
3 |
| Malaysia |
1 |
1 |
1 |
1 |
1 |
| Thailand |
1 |
2 |
2 |
1 |
1 |
| Indonesia |
4 |
3 |
3 |
3 |
4▲ |
| India |
2 |
4 |
4 |
4 |
4 |
| Australia |
4 |
1 |
4 |
1 |
4▲ |
Main Points
- The Asia Pacific average score for consumer confidence was 2.27 in December 2018, showing a slight decrease in January 2019 to 2.27, followed by an increase in February to 2.55.
- In March 2019, the score dropped to 2.00, indicating a decline in consumer confidence.
- By April 2019, the score rose to 2.73, showing an improvement.
Key Markets
- Mainland China: Maintained a high score of 4 throughout the period, with a slight dip in March and an increase in April.
- South Korea: Scored 2 in December 2018, remained stable in January and February, and increased to 4 in April.
- India: Scored 2 in December 2018, showed a significant increase in January to 4, and remained at 4 through April.
- Australia: Scored 4 in December 2018, dropped to 1 in January, and then increased again to 4 in April.
Retail Business Sentiment Component
| Market |
Dec 18 |
Jan-19 (p) |
Feb-19 (p) |
Mar-19 (p) |
Apr-19 (p) |
| Asia Pacific Average |
2.36 |
2.09 |
1.91 |
1.91 |
2.27 |
| Mainland China |
3 |
4 |
4 |
4 |
4 |
| Japan |
1 |
4 |
4 |
4 |
4 |
| South Korea |
1 |
2 |
1 |
2 |
1 |
| Taiwan |
1 |
1 |
2 |
1 |
4 |
| Hong Kong SAR |
3 |
1 |
1 |
1 |
2 |
| Singapore |
3 |
1 |
1 |
1 |
1 |
| Malaysia |
1 |
2 |
2 |
2 |
2 |
| Thailand |
4 |
3 |
1 |
1 |
1 |
| Indonesia |
3 |
3 |
3 |
3 |
3 |
| India |
3 |
1 |
1 |
1 |
2 |
| Australia |
3 |
1 |
1 |
1 |
1 |
Main Points
- The Asia Pacific average score for retail business sentiment was 2.36 in December 2018, and it declined in January to 2.09, further dropping to 1.91 in February and March.
- By April 2019, the score increased slightly to 2.27.
Key Markets
- Mainland China: Showed a steady improvement, increasing from 3 in December to 4 in January and maintaining that level through April.
- Japan: Scored 1 in December 2018, but increased to 4 in January and maintained that level through April.
- South Korea: Scored 1 in December 2018, increased to 2 in January, and then fluctuated.
- Taiwan: Scored 1 in December 2018, increased to 2 in January, and then showed a significant rise to 4 in April.
- Thailand: Scored 4 in December 2018, declined to 3 in January, and then dropped to 1 in February and March.
Retail Sales Growth Component
| Market |
Dec 18 |
Jan-19 (p) |
Feb-19 (p) |
Mar-19 (p) |
Apr-19 (p) |
| Asia Pacific Average |
3.09 |
3.36 |
2.73 |
3.45 |
2.73 |
| Mainland China |
4 |
3 |
4 |
4 |
3 |
| Japan |
4 |
3 |
4 |
4 |
1 |
| South Korea |
4 |
4 |
1 |
4 |
3 |
| Taiwan |
4 |
4 |
1 |
4 |
4 |
| Hong Kong SAR |
3 |
4 |
1 |
2 |
1 |
| Singapore |
1 |
4 |
1 |
2 |
1 |
| Malaysia |
3 |
3 |
3 |
3 |
3 |
| Thailand |
3 |
3 |
3 |
4 |
4 |
| Indonesia |
4 |
3 |
4 |
4 |
3 |
| India |
1 |
2 |
4 |
4 |
3 |
| Australia |
3 |
4 |
4 |
3 |
4 |
Main Points
- The Asia Pacific average score for retail sales growth was 3.09 in December 2018, increased to 3.36 in January, then decreased to 2.73 in February.
- In March, the score rose to 3.45, and then dropped to 2.73 in April.
Key Markets
- Mainland China: Scored 4 in December 2018, decreased to 3 in January, then increased again to 4 in February and March.
- Japan: Scored 4 in December 2018, dropped to 3 in January, increased to 4 in February and March, and then declined to 1 in April.
- South Korea: Scored 4 in December 2018, remained stable in January, dropped to 1 in February, then increased again to 4 in March and 3 in April.
- Thailand: Scored 3 in December 2018, remained stable in January and February, then increased to 4 in March and 4 in April.
Credit Card Expenditure Growth Component
| Market |
Dec 18 |
Jan-19 (p) |
Feb-19 (p) |
Mar-19 (p) |
Apr-19 (p) |
| Asia Pacific Average |
3.82 |
3.45 |
3.09 |
3.27 |
3.64 |
| Mainland China |
4 |
4 |
4 |
4 |
4 |
| Japan |
4 |
3 |
4 |
3 |
3 |
| South Korea |
4 |
4 |
3 |
3 |
3 |
| Taiwan |
4 |
4 |
3 |
3 |
4 |
| Hong Kong SAR |
3 |
4 |
4 |
4 |
4 |
| Singapore |
4 |
3 |
3 |
4 |
4 |
| Malaysia |
4 |
4 |
1 |
4 |
4 |
| Thailand |
4 |
4 |
3 |
3 |
4 |
| Indonesia |
4 |
3 |
4 |
3 |
3 |
| India |
3 |
4 |
3 |
4 |
3 |
| Australia |
4 |
1 |
2 |
1 |
4 |
Main Points
- The Asia Pacific average score for credit card expenditure growth was 3.82 in December 2018, and it decreased to 3.45 in January, further dropping to 3.09 in February.
- The score increased to 3.27 in March and then rose to 3.64 in April.
Key Markets
- Mainland China: Scored 4 throughout the period, indicating strong credit card expenditure growth.
- Japan: Scored 4 in December 2018, decreased to 3 in January, increased to 4 in February, then dropped to 3 in March and April.
- South Korea: Scored 4 in December 2018, remained stable in January, dropped to 3 in February, and increased again to 3 in March and April.
- Malaysia: Scored 4 in December 2018, dropped to 4 in January, decreased to 1 in February, then increased to 4 in March and April.
- Australia: Scored 4 in December 2018, dropped to 1 in January, increased to 2 in February, and then dropped again to 1 in March before rising to 4 in April.
