Business Standard

Consumer sentiments improve

While the relatively richer and poorer households have seen their consumer sentiments spurt, the middle income households have seen slower growth in their sentiments

Consumer sentiments

Mahesh Vyas
Consumer sentiments shot up by 6.7 per cent in the week ended March 26, 2023. This is exceptionally high. The Index of Consumer Sentiments (ICS) usually moves by a little less than one per cent in a week. In the past 60 weeks, the average weekly increase in the ICS was 0.86 per cent and the median was 0.93 per cent. In the past one year, the ICS increased by more than 6.7 per cent only twice. This is therefore a rare occurrence.

The increase in the ICS seen in the week of March 26 is entirely because of its
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Mar 27 2023 | 11:59 PM IST

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