Connect with us

Top Stories

CONSUMER CONFIDENCE AT AN ALL TIME HIGH IN INDIA, ACCORDING TO MNI INDICATORS

f7ca08097ac8b67

MNI Indicators, part of Deutsche Borse, release data that sees consumer confidence in India at its highest level since February as consumers were increasingly confident that the government will be able to improve future economic growth and household incomes. A summary of the data is below and the full release is attached.

  • The MNI India Consumer Sentiment Indicator rose 3.3% to 126.2 in June from 122.1 in May, as consumers’ expectations for the future improved markedly.
  • Consumer sentiment improved in all age groups in June, for the first time in four months. Consumer confidence of the youngest group, who were the key support for the BJP in the general election, hit a record high in June.
  • Respondents were more confident about their finances in the current month and were also more optimistic about better finances in the next 12 months. The percentage of respondents who reported that it was a “good” or “excellent” time to purchase a large household item fell to the lowest since September, in sharp contrast with the remaining components of the Consumer Sentiment Indicator which all increased in June.
  • Consumers were increasingly confident about the current business climate and felt that business conditions over the short and long term would also improve, with expectations for next five years hitting a series high in June.
  • The proportion of respondents who thought that the outlook for employment over the next 12 months would be better increased to the highest level in four months in June as consumers expected higher economic growth to generate more jobs.
  • Consumers’ dissatisfaction with the current level of prices eased for the first time in six months in June, and expectations for inflation eased to the lowest for a year and a half.
  • While general levels of confidence rose in June, consumers’ confidence about the real estate market fell for the fourth consecutive month.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now