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SLOTS Consumer Confidence Survey 2022-11 |
Sri Lanka Consumer Confidence: Consumer confidence fell again in September giving up its August gains |
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Kumara N., Wisidagama N., Kapuge Y., Senadeera A., Wijemunige N., Rannan-Eliya R P
31 Oct 2022
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Abstract: All three of IHP's consumer confidence indices fell in September following a short recovery in August 2022. The Index of Consumer Sentiment (ICS), the broadest measure of the public's view on their personal economic status and the national economy and which ranges from zero to a potential maximum 100, decreased 12 points to 8 points.
The Index of Consumer Expectation (ICE), a measure of perceptions about the future, decreased 15 points to 10 points, and the Index of Consumer Conditions (ICC), a measure of perceptions about current conditions decreased 7 points to 6 points.
The declines in the ICS and ICE were larger than in the ICC, indicating that pessimism about the longer-term future was the key driver. There was no change in public views about their personal financial situation in the preceding 12 months period. |
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