The RBI Wednesday released the September 2017 (Q2) round of the consumer confidence survey (CCS). Key takeaways:
- The survey reflects deterioration in consumer sentiments on the employment scenario, the price level and income
- 41 per cent of the total 5,100 respondents believed that general economic situation had worsened; 34 per cent said it had improved and 25 per cent believed it remained the same
- 44 per cent felt that employment situation was dismal; 30 per cent found it to be improving and 26 per cent felt no change
- 81 per reported increased spending over the past year, partly fuelled by higher prices, and 85% respondents felt an increased spending on essential items
- The current situation index, which measures overall consumer sentiments, wanes further into ‘pessimistic zone’ — it fell from 96.8 in March 2017 to 95.5 in September