Business

Consumer sentiment lowest in 5 years: Survey

Chennai, Dec 7 (Agencies) | Publish Date: 12/7/2019 11:51:02 AM IST

Consumer confidence in the country continued to weaken in November and dipped to the lowest level since 2014. Both the Current Situation Index and the Future Expectations Index in RBI’s consumer confidence survey was seen declining.  

As per the survey, the Current Situation Index fell to 85.7 in November from 89.4 in September. As per the survey any value below 100 indicates pessimism and that above 100 optimism. Since March 2017, the index has remained pessimistic, barring a brief relief in March 2019. However, this was the lowest level since March 2014. 
The Future Expectations Index that assesses the one-year ahead expectations also fell to 114.5 from 118.0. It has been falling since March 2019. The survey was conducted in 13 major cities— Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Patna and Thiruvananthapuram.
Perceptions and expectations on the general economic situation, the employment scenario, the price situation, income and spending are obtained from 5,334 households across these cities. 

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