CONSUMER
CONFIDENCE SURVEY - REPORTS AND INDICES
News:
Festive cheer: Urban
consumer confidence at seven-year peak | Data
What's
in the news?
●
The Consumer Confidence Survey was
conducted in the first half of March 2023 across 19 cities.
●
This article analyses the survey results,
released this month and breaks down the findings under different sections.
Consumer
Confidence Index (CCI):
●
CCI is a survey that is conducted every two months to measure how
optimistic or pessimistic the consumers are regarding their financial
situation.
●
The survey consists of questions regarding
consumers’ sentiments over various factors in the current situation and future.
Conducted
by - RBI
Objective:
●
The index measures the change in consumer perception on the
financial situation in the last year and the future expectations index
measures what the consumer thinks about his financial situation in the coming
year.
Indicators:
●
Economic situation, Employment, Price
Level, Income and Spending.
Key
takeaways from the Recent Survey:
●
The results show that consumer confidence
continues to recover from its historic low of mid-2021, but still remains pessimistic at 87.0, a
2.2 point increase from previous results.
●
The assessment of inflation conditions
improved for the current period reflecting a higher confidence in prevailing
economic conditions.
●
The survey results indicate positive sentiments on employment and
spending, but a marginal dip in the country’s future economic situation.
●
Credit growth numbers indicate a rise in
consumer spending.