Singaporeans emerged the most optimistic consumers in the region, according to the latest Asian Consumer Confidence Index conducted by InsightAsia, local media reported on Monday.

The index rose 11 points to 137 in the third quarter, following a dip in Q2, local daily The Business Times reported.

InsightAsia - a leading market research group - surveys 10,800 people annually across six Asian countries.

Since the low point of the recession, Singapore's Consumer Confidence Index rose sharply upwards, from 62 in Q1 last year to 138 just 12 months later.

After a drop in Q2 this year, the index rose back to 137 in Q3, as all the factors that define it grew.

Singapore consumers now have a more positive view of the current economy and its development over the next year, feel better about their financial well-being and are more willing to make major purchases.

Singapore's economic growth figures this year are impressive. Full-year growth for this year is heading for 13-15 percent.

Although Singapore's growth rate stands out, the 2010 growth forecasts for China (9.5 percent), Vietnam (7.5 percent), Thailand (7.5 percent), Malaysia (6-7 percent) and Indonesia (6 percent) are also positive. All these economies profit from strong regional demand.

Consumers in Vietnam (where the Consumer Confidence Index hit 127 in Q3), China (117) and Malaysia (113) are upbeat about economic circumstances.

(Xinhua News Agency November 22, 2010)