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Consumer sentiment for urban Indians remains bullish in Oct 2023: Study
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Mild recovery in consumer confidence in June: Report
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The consumer confidence in India has further weakened in May amid the severe Covid crisis and the resultant lockdowns across states. The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of 6.3 percentage points, over April 2021, amid Covid-19 fears. The monthly PCSI, which is driven by the aggregation of the four weighted sub-indices, has plunged across all sub-indices. The PCSI Employment Confidence Sub-Index is down by 4.7 percentage points, the PCSI Current Personal Financial Conditions Sub-Index has steeply fallen by 9.0 percentage points. Further, the PCSI Investment Climate Sub-Index has sharply declined by 8.4 percentage points and the PCSI Economic Expectations Sub Index, has decreased by 4.4 percentage points.
India s consumer confidence worsens in May amid severe COVID crisis
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The consumer confidence in India has further weakened in May amid the severe COVID crisis and the resultant lockdowns across states.
The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of 6.3 percentage points, over April 2021, amid COVID-19 fears.
The monthly PCSI, which is driven by the aggregation of the four weighted sub-indices, has plunged across all sub-indices. The PCSI Employment Confidence Sub-Index is down by 4.7 percentage points, the PCSI Current Personal Financial Conditions Sub-Index has steeply fallen by 9.0 percentage points.
Further, the PCSI Investment Climate Sub-Index has sharply declined by 8.4 percentage points and the PCSI Economic Expectations Sub Index, has decreased by 4.4 percentage points.
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