julius and jurgis, here is an update on consumer sentiment in india:
Consumer Sentiment at the Lowest Level since the Inception of the Index
Economic Conditions, Employment Conditions, and Consumer Spending Drive Decline in
Overall Consumer Sentiment in September
MUMBAI, October 6, 2008—today Boston Analytics, a customized knowledge services company,
released the Boston Analytics Consumer Sentiment Index (BACSI) for the month of September 2008. The
past month registered a 6.6% decrease in the BACSI, a monthly barometer of Indian consumer opinion
regarding the current state and future expectations of the macro economy, household financial conditions
and consumption.
The index is based on a monthly survey which targets a diverse set of Indian consumers. In an effort to
capture the country’s heterogeneity, the BACSI’s August survey has been extended in terms of both
geographic coverage and sample size with the inclusion of two Tier II cities. The survey is now conducted
across seven cities: Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Chandigarh, Nagpur, Kochi, and
Jaipur. It addresses macro-level variables reflecting the nation’s economic conditions, including indicators
such as employment, inflation, interest rates and real estate. The BACSI also studies micro-level
variables such as household income, commitment towards expenditure on basic necessities, savings,
and other elements.
The BACSI for the month of August stood at 84.0, down 6.6% from the previous month’s reading of 89.9.
Disaggregation of the data reveals that the primary drivers of the decline in consumer sentiment were
decreases in respondents’ confidence in the economy and in employment conditions. Sentiment related
to consumer spending fell sharply in September signaling a low key festival holiday season ahead.
bostonanalytics.com
bostonanalytics.com
there is more on the website but my cutting and pasting skills with figures are not very good.
bafi403. |
