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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

    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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