Dining, Entertainment top spending priority for S'pore consumers

Dining, Entertainment top spending priority for S'pore consumers
By Mustafa Shafawi | Posted: 07 February 2011 1153 hrs

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

- wong chee tat :)