CONSUMER CONFIDENC SURVEY
- June 7, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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CONSUMER CONFIDENC SURVEY
Subject: Important Surveys / Reports
Context: The latest Consumer Confidence Survey has shown that the Indian consumer sentiment has hit an all-time low.
Concept:
- The RBI conducts this survey every couple of months by asking households in 13 major cities about their current perceptions and future expectations on a wide variety of economic variables.
- Based on these specific responses, the RBI constructs two indices. One, the Current Situation Index (CSI) and two, Future Expectations Index (FEI).
- The CSI maps how people view their current situation (on income, employment etc.) vis a vis a year ago.
- The FEI maps how people expect the situation to be (on the same variables) a year from now.
- CSI has fallen to an all-time low of 48.5 in May. The future expectations index (FEI) also moved to the pessimistic territory for the second time since the onset of the pandemic.