The Index now stands at … Consumer confidence indices are found to be key indicators of spending (Lemmon and Portniaguina, 2006; Dees and Brinca, 2013). Welcome to the refurbished site of the Reserve Bank of India. It covers around 5,000 responses on households’ perceptions and expectations on the general economic situation; the employment scenario; the overall price situation; and their own income and spending.
doi: 10.1787/46434d78-en (Accessed on 03 April 2019).The survey elicits households’ responses about five parameters viz., general economic situation, employment scenario, price level, household’s income and spending, with respect to the current situation as compared to a year ago and expectations one year ahead. The views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India. Current Situation Index and Future Expectations IndexIn standard opinion surveys, respondents generally have three reply options such as up/same/down; or above-normal/normal/ below-normal; or increase/ remain-same/decrease. Consumer confidence in India refers to the Current Situation Index (CSI) which is part of the Consumer Confidence Survey published by the Reserve Bank of India. Thereafter, however, net responses plunged into the pessimistic zone post December 2016. Directionally, respondents’ outlook on the future economic situation closely matched their current assessment, except around demonetisation in December 2016. Factors Associated with General Economic SituationConsumers’ responses on GES may encompass multiple underlying factors. Analytical results show that opinions on GES nevertheless vary across occupation categories for both the current and future periods. Consumer Confidence Survey. Nevertheless, their expectations about the outlook on employment have remained in the optimistic domain, rising in December 2018 after staying subdued for more than two years. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. June 2019 sees the Ipsos Global Consumer Confidence Index at 49.6, up 0.3 against last month, at the same level it was three months ago, but down 0.8 of a point over the past year. The Conference Board's Consumer Confidence Index sank to 92.6 in July from 98.3. As per the findings of the latest round of survey, the current situation index has moved into positive territory after a prolonged phase of pessimism. Consumer Confidence in India averaged 101.96 points from 2010 until 2020, reaching an all time high of 116.70 points in the fourth quarter of 2010 and a record low of 83.70 points in the first quarter of 2020. With a six-month lead on BSE Consumer Durables Index, it is useful in predicting sales growth for consumer goods, vehicles and homes. Besides, there are concerns over job opportunities and performance of the economy, it added. The index, which reflects Respondents’ perceptions seem to have turned after September 2018, however, with gradual improvements taking them into positive territory in the March 2019 round.The outlook on the future employment scenario had peaked in December 2016, but it dropped thereafter as households were worried about the employment scenario in the one year ahead horizon. Net Responses can take values from –100 to +100. Released once a month, the index is computed from the results of a monthly survey of 3,000 It measures consumers' plans to buy homes over the next six months to a year In ordered logit, an underlying score is estimated as a linear function of the independent variables and a set of cut points. Broadly, the CSI started declining in September 2016 and entered the pessimistic zone in March 2017, where it persisted till December 2018 (The results of the 99 per cent bootstrap confidence intervals for the CSI and FEI based on 10,000 draws selected through simple random sampling with replacement (SRSWR) indicate robustness of both the indices (3.7.
NEW YORK, July 28, 2020 /PRNewswire/ -- The Conference Board Consumer Confidence Index ® decreased in July, after increasing in June. As a consequence, they are less prone to save, and more inclined to spend money in the next 12 months. The Consumer confidence index — that measures the economic situation, income and employment — dipped to a new low of 83.7 in January.
The statistic shows a consumer confidence index for India from January 2015 to January 2016.