TNPSC Thervupettagam

Consumer Confidence Survey

April 13 , 2021 1322 days 860 0
  • 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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