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SLOTS Consumer Confidence Survey 2022-05 |
Sri Lanka Consumer Confidence: Continued Drop in April to Reach New Low of 5 |
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Rannan-Eliya R P., Selvaratnam A., Dananjana T., Wisidagama N., Kapuge Y., Weerawardena N.
11 May 2022
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Abstract:The current declining trend started in mid-February with the start of power cuts and increasing impact of foreign exchange shortages, plateaued from mid-March, before consumer sentiment started to decline again from early April around the time of the resignation of the Cabinet.
The Index of Current Conditions (ICC), a broad measure of perceptions about current conditions, fell three points to 7. The Index of Consumer Expectations (ICE), a measure of perceptions about the future, fell a further four points to reach 4. |
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