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SLOTS Consumer Confidence Survey 2022-10 |
Sri Lanka Consumer Confidence: Consumer confidence rose again in August continuing its post-Rajapaksa recovery |
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Kumara N., Wisidagama N., Kapuge Y., Senadeera A., Wijemunige N., Rannan-Eliya R P
18 Sep 2022
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Abstract:The Index of Consumer Sentiment (ICS), the broadest measure of the public's view on their personal economic status and the national economy, increased 5 points to 11 points in August, recovering to levels last seen in February 2022. The Index of Consumer Expectation (ICE), a measure of perceptions about the future, increased the most, rising 8 points, whilst the Index of Consumer Conditions (ICC), which reflects current conditions, increased only 5 points.
The larger gains in the ICS and ICE compared to the ICC indicates the recovery in consumer sentiment is mostly improvements in public expectations about the longer-term future rather than their perceptions of the current situation or immediate prospects. Expectations about the country in five years' time improved the most (+10). There was less improvement in views about the next 12 months (+7 in personal situation, +8 in country situation), and even less in views about current buying conditions (+2) and respondents' personal financial situation (+2). |
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