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Sri Lanka Consumer Confidence: Consumer confidence continues to decline in February |
Consumers remain very pessimistic, with a small recovery in current buying conditions |
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Kumara N., Ghafoor A., Wisidagama N., Kapuge Y., Rannan-Eliya R P
13 Mar 2023
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Abstract:Consumer confidence, which was already deeply pessimistic, continued to worsen in February, with the Index of Consumer Sentiment (ICS) declining 3 points to reach 12.
The ICS is the broadest measure of the public’s views of their personal economic status and the national economy which ranges from zero to a potential maximum 100, with levels below 50 indicating net pessimism. |
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