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Consumer Confidence Survey
April 13 , 2021
1311 days
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- The Reserve Bank of India recently released the report of Consumer Confidence Survey.
- The survey was conducted in major cities of the country over 5,000 respondents.
- The Survey measures consumer perception on five economic variables such as
- employment,
- economic situation,
- price level,
- spending and
- income.
- The Consumer Confidence Survey has two main indices namely current situation index and future expectations index.
Key findings
- The Consumer Confidence Index declined from 55.5 points in January 2021 to 53.1 points in March 2021.
- The Future Expectations dipped from 117.1 in January 2021 to 108.8 in March 2021.
- When the index measure is above 100, it signals optimism and while it is below 100, it represents pessimism.
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