Consumer confidence falls to an all-time low, shows RBI survey

The survey was conducted through interviews on the phone from April 29 to May 10 in 13 major cities

Consumer confidence has fallen to an all-time low as consumer perceptions on the general economic and employment situations have lowered further, the Reserve Bank of India’s (RBI’s) May round of survey showed.
 
“Consumer confidence for the current period weakened further; the current situation index (CSI), which has been in negative territory since July 2019, fell to a new all-time low as consumer perceptions on general economic situation and employment scenario lowered further,” the RBI said.
 
The future expectations index (FEI) also moved to “pessimistic territory for the second time since the onset of the pandemic”, driven by a