CONSUMER CONFIDENCE
SURVEY (CCS) - REPORTS AND INDICES
News: Consumers expect rise in
spending over next one year says RBI survey
What's in the news?
●
Indian consumers expects a rise in spending over
the next one year, with an increase in both essential and non-essential items,
according to the latest survey of the Reserve Bank of India (RBI).
Key takeaways:
●
Consumer confidence for the current period paused
on its uptrend as sentiments on all
parameters, except spending, recorded some moderations in the latest survey
round, the RBI’s Consumer Confidence Survey showed.
Consumer Confidence
Survey (CCS):
●
It is conducted every two months to measure how optimistic or pessimistic the
consumers are regarding their financial situation.
●
The survey consists of questions regarding
consumers’ sentiments over various factors in the current situation and future.
Conducted by - RBI
Objective:
●
The index measures the change in consumer perception on the financial situation in the
last year and the future expectations index measures what the consumer thinks
about his financial situation in the coming year.
Indicators:
●
Economic situation, Employment, Price Level, Income
and Spending.
Important Takeaways from
the Recent Survey:
●
CSI moderated to 97.1 in May 2024 from 98.5 two
months ago.
●
The FEI stood at 124.8 in May 2024 (125.2 in the
previous survey round).
CSI and FEI are compiled on the basis of net responses on the economic situation, income, spending, employment and the price level for the current period (as compared with one year ago) and a year ahead, respectively.