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Sri Lanka Consumer Confidence: Consumer confidence changed little in May following gains in April
All indices still remain at pessimistic levels

The Institute for Health Policy (IHP) released today the May 2023 update of its Consumer Confidence Indices, which are generated from its Sri Lanka Opinion Tracker Survey (SLOTS).


All three of IHP’s Consumer confidence indices showed little change in May following significant gains in April. Overall consumer sentiment remains highly pessimistic.
The index of Consumer Sentiment (ICS), the broadest measure of the public’s view on their personal economic status and the national economy decreased 1 point to 25 points. The ICS ranges from zero to a potential maximum 100, with levels below 50 indicating net pessimism.
The Index of Consumer Expectations (ICE), a measure of perceptions about the future, decreased 2 points to 33 points and the Index of Current Conditions (ICC), a measure of perceptions about current conditions decreased 1 point to 12 points.


About IHP

IHP is an independent, non-partisan research centre based in Colombo, Sri Lanka. The SLOTS lead investigator is Dr Ravi Rannan-Eliya of IHP, who has trained in public opinion polling at Harvard University and has conducted numerous surveys over three decades.


SLOTS combines data from a national sample of adults (ages 18 and over) reached by random digit dialling of mobile numbers, and others coming from a national panel of respondents who were previously recruited through random selection. All consumer confidence index estimates are weighted to be representative of the national population, including characteristics such as age, gender, province, sector, socioeconomic status, ethnicity and education.


The SLOTS has been funded by the Neelan Tiruchelvam Trust, the UK National Institute for Health and Care Research (NIHR), The Asia Foundation in Sri Lanka, and others, but the sponsors play no role in the study design, analysis, or interpretation of findings. Interested parties can contact IHP for more detailed data and results.


Date: 16 June 2023
Time: 12:01 AM Sri Lanka Time   


Dalreen Barthelot
Email: dalreen ‘at’


Dr. Ravi Rannan-Eliya
Email: ravi ‘at’  Twitter: @ravirannaneliya