Chinese consumer confidence dropped to 91.4 points in March from 91.5 in February.

That’s according to Market News International, a unit of Deutsche Boerse Group. The firm said concerns over the financial system and weak economic data have hurt consumer sentiment in China.

“While sentiment was broadly stable in March, it is at its lowest since August last year. Given the weakening in the economy, consumers are increasingly concerned about their personal finances and the outlook for jobs,” said Philip Uglow, chief economist at MNI.

“The Chinese authorities need to try and rebalance the economy away from investment towards consumption. It will take time, though, for consumption to take up the slack, and it could potentially be squeezed as a wider slowdown in activity hits sentiment and consumer spending,” he said.

Similarly, consumer confidence in Thailand also declined to 68.8 points in March from February’s 69.9.

The University of the Thai Chamber of Commerce (UTCC) blamed the political uncertainties, economic slowdown and higher prices for the decline.

UTCC warned that the consumer confidence will continue to erode if no functioning government will be installed.