Consumer confidence remains weak, shows RBI report
Consumer confidence for the month of July continued to remain weak with the current situation index still around all-time low levels, a survey by the Reserve Bank of India (RBI) showed on Friday. As most households reported lower incomes and higher level of price as compared to a year ago, the current situation index (CSI) showed negative sentiments at 48.6, with minimal signs of improvement compared to 48.5 in May.
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Consumer confidence for the month of July continued to remain weak with the current situation index still around all-time low levels, a survey by the Reserve Bank of India (RBI) showed on Friday. As most households reported lower incomes and higher level of price as compared to a year ago, the current situation index (CSI) showed negative sentiments at 48.6, with minimal signs of improvement compared to 48.5 in May.
