Consumer Confidence Survey by RBI.
                     Consumer Confidence Survey by RBI
INTRODUCTION
• The Reserve Bank released the results of the May 2020 round of its 
Consumer Confidence Survey (CCS).
• According to the Survey, the consumer confidence dipped to a six-year 
low.
Image source: Deccan Herald
 Survey
• Around 5,192 households from 13 major cities were involved in the 
survey. 
• The members were asked general questions about their expectation and 
perception on current economic situation, price situation, employment 
scenario, spending.
Image source: Livemint
OUTCOME OF SURVEY
• The survey shows that Indian households have never been
–  more pessimistic about the economy
– falling incomes 
– Falling  employment
Image source: Livemint
HISTORIC LOW
• The current situation index (CSI) touched a historic low of 63.7 in May 
2020 round of the survey.
• It is as against 85.6 in the study conducted in March this year.
Image source: Quint
HIGHLIGHTS
• Consumer confidence collapsed in May 2020, with
– The current situation index (CSI) touching historic low 
– The one year ahead future expectations index (FEI) 
– Recording a sharp fall
Image source: consumeraffairs.com
HIGHLIGHTS
• Perception and Expectation of employment continued to decline. It was 
-24.5 in September. 
• The sentiment around income turned negative for the first time.
Image source: NDTV
HIGHLIGHTS
• Around 47.9% of participants opined that the economic situation of the 
country has worsened. 
• 5% said that the employment market has worsened.
Image source: ZeeNews
HIGHLIGHTS
• 4% believe the situation will get worsen next year.
• Majority of them believe the prices of essential commodities to increase 
further.
Image source: Dailyhint
HIGHLIGHTS
• Overall consumer spending remained afloat, mostly due to relative 
inelasticity in essential spending.
• Consumers, reported sharp cuts in discretionary spending and also do not 
expect much improvement in the coming year.
Image source: pixabay
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