 "Households rein in a runaway rise in expectations")
The BSE-CMIE-UMich Consumer Sentiment Index rose 2.2 per cent in the week ended February 19. This is a healthy increase, given that it comes on top of a 1.7 per cent increase in the preceding week.
The uptick in the consumer sentiment index in the recent weeks reflects an improvement in households' perception regarding their current economic conditions. In comparison, their assessment of their own future prospects has been less optimistic.
This relatively low enthusiasm regarding their future is in contrast with the trend seen through the second half of 2016. During the second half of 2016, households were very
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