Consumer Confidence Survey - RBI - Reserve Bank of India
Consumer Confidence Survey
Today, the Reserve Bank released the results of the September 2019 round of its Consumer Confidence Survey (CCS)1. The survey was conducted in 13 major cities viz., 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 overall price situation and own income and spending are obtained from 5,192 households across these cities. Highlights: I. Consumer confidence weakened in September with both the current situation index (CSI)2 and the future expectations index (FEI) recording declines (Chart 1). Note: Please see the excel file for time series data II. Households’ sentiments on the general economic situation (Table 1) and the employment scenario (Table 2) declined further, and they were less optimistic on their income over the year ahead (Table 5) than in July 2019. III. Respondents perceived an increase in the price level over the last one year and a majority of them expect prices to rise further in the coming year (Tables 3 and 4); as a result, sentiments on overall spending as well as essential spending remain strong, though sentiments on discretionary spending weakened (Tables 6, 7 and 8). 1 The survey results are based on the views of respondents. 2 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 and a year ahead, respectively. CSI/FEI = 100 + Average of Net Responses of the above parameters. |