The current situation index is now the highest since the pandemic started, but future expectations continue to be muted
Despite increasing in January 2022, consumer confidence - as measured by the RBI's Current Situation Index - remains firmly in the sub-100 pessimistic zone.
The Future Expectations Index (FEI) has improved from the September level, but it’s still lower than where it was during the period September 2020 to January 2021, when the first wave of the pandemic had ebbed and the second wave hadn’t started
The economy may currently be mired in a deep recession, but the RBI surveys show a revival of confidence and animal spirits
Almost half of those surveyed said they expect job prospects to worsen in the year ahead
Consumer perceptions about jobs, incomes and non-essential spending continue to worsen
With a fear of budget deficit at a time when a number of critical sectors are in need for finance, this is going to be one of the most challenging budgets.
Outlook towards quality of life in India remains high, Mastercard said, with stable growth from the previous index findings.
Besides, cautionary spending by consumers towards the end of 2016 still had some impact on the quarter under consideration, it said.
According to the March 2017 round of the Consumer Confidence Survey, “The Current Situation Index entered into the pessimistic zone to 98.7 in March 2017 (from 102.0 in December 2017) due to worsening sentiments on economic conditions and price situation.”
India's consumer confidence is highest compared to other emerging market peers despite the near-term sentiment being adversely impacted by the Centre's demonetisation move, says a survey.
The MNI India Consumer Sentiment Indicator rose 2 percent to 113.4 last month from 111.2 in March.
Although more than 54 percent polled said India's economy is still in slowdown zone, its consumer confidence score remained intact at 131, said global information and insights provider Nielsen.
India continued to lead the global consumer confidence index, with the score in the second quarter of 2015 reaching the same level as in 2011.
Sunil Duggal, chief executive officer, Dabur India says the company will launch some new products but it will do so with a cautious view.
According to the latest emerging consumer survey by Credit Suisse in partnership with global market research firm Nielsen, confidence among emerging market consumers has deteriorated during the last year.
The consumer confidence score for India in the fourth quarter was at 115 compared with 112 in the previous quarter.
Carlos Ghosn, President & CEO, Nissan Motor says car sales in the US is still not back to the pre-2008-09 crisis level. He hopes to reach that level next year. As far as Europe is concerned, he believes the recovery won't be as strong as in the US.
HDFC has always talked of a loan growth of around 18-20 percent. Since it has seen much higher growth in the past, Keki Mistry Vice Chairman & CEO hopes to grow at a higher rate.
US Treasuries edged higher after weak consumer sentiment and retail sales data bolstered the view that Fed policymakers will slow an exit from its USD 85 billion a month bond-buying programme.
Consumer confidence in India in the third quarter of 2012 has gone down compared to last year and 62 percent of them believe the country is going through an economic recession this quarter, according to provider of information and insights Nielsen.
Consumer confidence in India has declined for the first time in nine quarters due to weak employment sentiment and subdued spending behaviour, according to Nielsen global consumer confidence index released today.
India's urban consumer confidence improved marginally in April, but concerns about the economy kept consumers pessimistic, a survey released on Wednesday showed.
World equity markets advanced on Friday, on track to end the quarter with double-digit gains, as reports showing the U.S. economy and consumer sentiment still on the road to recovery helped buoy prices.