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Consumer confidence among urban Indians weakens in April: Survey

Consumer confidence among urban Indians weakened by 1.1 percentage points in April 2021 amid a surge in COVID-19 cases inthe country, as per a monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) survey. Consumer sentiment was down across all 4 indices jobs, personal finances, economy and investments for the future, the survey said. The online survey was conducted between March 26, 2021, and April 9, 2021. A sample size of 500 adults from Ipsos India online panel aged 16-64 years were interviewed. The monthly PCSI is driven by the aggregation of the four weighted sub-indices. PCSI Employment Confidence (Jobs) sub-index is down by 0.6 percentage points, Current Personal Financial Conditions (Current Conditions) sub-index fell 1.5 percentage points, and Investment Climate (Investment) sub-index declined 0.9 percentage points.

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