Consumer Confidence Survey:
According to the latest Consumer Confidence Survey of the Reserve Bank of India (RBI)Indian consumers’ confidence about general economic situation, employment scenario, their income and spending have weakened.
- It is a survey that indicates how optimistic or pessimistic consumers are regarding their expected financial situation.
- If the consumers are optimistic, spending will be more, whereas if they are not so confident, then their poor consumption pattern may lead to recession
- It is released by the Reserve Bank of India bi-monthly.
Highlights:
- Households displayed somewhat higher optimism on one year ahead outlook for major economic parameters, except prices.
- The future expectations index (FEI) improved by 0.5 points to 121.9 in the latest survey.
- The CCS survey showed that households anticipated higher spending over one year horizon on the back of higher essential as well as non-essential spending
- Consumer confidence for the current period declined marginally owing to weaker sentiments across the survey parameters except household spending.
- The current situation index (CSI) moderated by 0.7 points to 94 in November 2024 from 94.7 in September 2024.
