Canindia News

Urban consumer sentiment recovers in February: Survey

New Delhi, Feb 18 (IANS) Consumer sentiments in urban India have witnessed a recovery in February, according to the latest joint-survey by Refinitiv and Ipsos.

In February, consumer sentiment witnessed an improvement of 2.5 percentage points, according to the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).

“After January’s major drop in sentiment of 7.3 percentage points, there is a recovery of 2.5 percentage points for February, seen in consumer confidence of urban Indians, across the four indices of jobs, economy, personal investment and personal finances,” a statement from Ipsos said on Tuesday.

The index increased on the back of improvement in all its four weighted sub-indices. The PCSI Employment Confidence Sub-Index has increased marginally by 0.6 percentage points, the PCSI Economic Expectations Sub Index has moved up by 4.7 percentage points.

The Investment Climate Sub-Index, which gauges the mood on the investment scenario has inched up by 3.6 percentage points and the Current Personal Financial Conditions Sub-Index has grown by 2.2 percentage points, over last month.

“We see recovery across all data points, so technically, the mood of the masses has lifted. It could be due to the Budget providing some perceptual relief — tax breaks. The focus needs to be on job creation and employment generation, for further reprieve,” said Ipsos India CEO Amit Adarkar.

The IPSOS statement said the survey was conducted during January 24-February 7 with a sample size of 500 people aged 16-64 years.

–IANS

rrb/bc

YOU MAY ALSO BE INTERESTED IN

IIFL dealer, 5 others barred from securities market for front running

CanIndia New Wire Service

India can become AI laboratory of the world: NITI Aayog CEO

CanIndia New Wire Service

India needs to move beyond exporting raw materials: Goyal

CanIndia New Wire Service

Growth in data tariffs, broadband reach show move towards higher ARPU

CanIndia New Wire Service

Three pvt banks in TN, Kerala hit headlines for wrong reasons

CanIndia New Wire Service

Stimulus, healthy macros expected to lift markets (IANS Equity Outlook)

CanIndia New Wire Service

‘CIRP threshold against personal guarantors should be raised’

CanIndia New Wire Service

Unscathed: Pent-up demand more sustained, predictable now, says Kia India (IANS Special)

CanIndia New Wire Service

Accounts not performing due to delay won’t be labelled NPAs: Centre

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More