The decisive and pro-reform new
government has helped in improving confidence of consumers who are now
willing to spend in the coming months, says a survey. According to
ZyFin Research, a financial research and analytics company, it's
consumer outlook index improved to 42 in May, from 40.6 in the previous
month. A score above 50 reflects optimism while below 50 indicates
pessimism. "This increase is based on a sizable recovery in consumers'
willingness to spend in the coming months. This can be an early
indication of improving sentiments, linked to a strong government
infused with all the parliamentary muscle required to initiate and push
through reforms," ZyFin Research said. The index is based on a monthly
survey of 4,000 consumers across 18 cities categorised into metros, Tier
I and Tier II. The top five cities with the highest scores this month
were Mumbai, Hyderabad, Mangalore, Chennai and Bhubaneswar. The survey
said consumers continue to observe a stagnant macro-economy, reporting
negligible improvements in employment and inflation sentiment. Until
concrete policy reforms show results, consumers are likely to remain
unmoved on these fundamental macro issues, it added. "With the RBI
signalling a softer interest rate regime, we expect consumers'
willingness to spend to improve over the next three to four months. This
would ensure the much-needed revival in the auto and real estate
sectors, which are key to providing a boost to the sagging economy where
55 per cent of GDP is composed of private spending," ZyFin Research
chief economist Debopam Chaudhuri said. Among the index components, the
Inflation Sentiment Index, the largest inflationary expectations survey
globally, moved up to 25.6 in May 2014 after two months at 25.1,
reflecting a moderate improvement in sentiment towards inflationary
conditions. The Spending Sentiment Index improved for the first time
since December 2013, to 28.1 in May from its lowest-ever level of 25.9
in the last month. Another key component, the Employment Sentiment
Index extended its stay within optimistic territory to five months, but
remains almost unchanged. The index improved marginally to 51.7 in May
2014, from 51.6 in the previous month, the survey said.
Subscribe to:
Post Comments (Atom)
ఉపాధి, వేతన వృద్ధి రెండింటిలోనూ బెంగళూరే టాప్
నూతన ఉపాధి అవకాశాల కల్పన, వేతన వృద్ధి రెండింటిలోనూ దేశంలోని నగరాలన్నింటిలోనూ బెంగళూరు అగ్రస్థానంలో నిలిచింది. చెన్నై, ఢిల్లీ తర్...
-
మార్కెట్ విలువలో బిఎస్ఇ కొత్త రికార్డు బొంబాయి స్టాక్ ఎక్స్ఛేంజిలో (బిఎస్ఇ) లిస్టింగ్ అయిన కంపెనీల ఉమ్మడి మార్కెట్ విలువ మంగళవారం (202...
-
దేశంలో సుజుకి మోటార్ కార్పొరేషన్ (ఎస్ఎంసి) మూడు కోట్ల కార్ల ఉత్పత్తి మైలురాయిని దాటింది. అయితే తన మాతృదేశంలో ఈ మైలురాయిని సాధించిన సమయం...
-
ఈ ఏడాది దేశంలో సీనియర్ ఎగ్జిక్యూటివ్ స్థాయిలో వేతనాల వృద్ధి 20 శాతం వరకు ఉంటుందని అంచనా. ప్రతిభను వెన్నుతట్టి ప్రోత్సహించడం, ఇన్న...
No comments:
Post a Comment