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Economic Times
a day ago
- Business
- Economic Times
India's urban buyers show stable confidence, expect brighter outlook: RBI survey
The Reserve Bank of India's latest Urban Consumer Confidence Survey (UCCS) for May 2025 shows that urban consumers maintain stable sentiments about the current economic situation, with a cautious yet improving outlook for the future. The survey reveals that the Consumer Confidence Index (CCI), which measures current consumer sentiment, dipped marginally from 95.5 in March to 95.4 in May, indicating only a slight weakening in how consumers view present conditions. Despite this, expectations for the year ahead have brightened significantly. The Future Expectations Index (FEI), reflecting optimism about the economic outlook, employment prospects, income levels, and spending capacity, rose by one point from 122.4 in March to 123.4 in May. This points to a growing sense of confidence among urban households across 19 major Indian cities, based on feedback from 6,090 respondents surveyed between May 2 and 11. Also Read: RBI's 50 bps rate cut surprise: Two economists who beat the crowd are back with another call A notable aspect of the survey is the easing concern over inflation and price levels. This is the second consecutive survey round showing a decline in pessimism related to high prices. Most respondents now expect inflation and prices to moderate further in the coming year. Also Read: Households feel inflation is easing in short and medium term: RBI Survey The RBI noted, "Pessimism about the current price level and inflation continued to ease for the second consecutive round. Households also expect a decline in both price and inflationary pressures over the coming year."While there has been little change in consumer sentiment about current income levels, optimism remains strong regarding future earnings. According to the RBI, "Households remain firmly optimistic on future earnings even though their sentiment on current earnings remained around its March 2025 level."Spending habits mirror this cautious optimism. Although current expenditure on both essential and non-essential items has dipped slightly since March, consumers anticipate increased spending in the the survey suggests that while urban consumers feel only marginally better about present conditions, their confidence and hope for economic improvement in the year ahead have grown substantially. With inputs from ANI
Time of India
a day ago
- Business
- Time of India
India's urban buyers show stable confidence, expect brighter outlook: RBI survey
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Reserve Bank of India 's latest Urban Consumer Confidence Survey (UCCS) for May 2025 shows that urban consumers maintain stable sentiments about the current economic situation, with a cautious yet improving outlook for the survey reveals that the Consumer Confidence Index (CCI), which measures current consumer sentiment, dipped marginally from 95.5 in March to 95.4 in May, indicating only a slight weakening in how consumers view present conditions. Despite this, expectations for the year ahead have brightened Future Expectations Index (FEI), reflecting optimism about the economic outlook, employment prospects, income levels, and spending capacity, rose by one point from 122.4 in March to 123.4 in May. This points to a growing sense of confidence among urban households across 19 major Indian cities, based on feedback from 6,090 respondents surveyed between May 2 and 11.A notable aspect of the survey is the easing concern over inflation and price levels. This is the second consecutive survey round showing a decline in pessimism related to high prices. Most respondents now expect inflation and prices to moderate further in the coming RBI noted, "Pessimism about the current price level and inflation continued to ease for the second consecutive round. Households also expect a decline in both price and inflationary pressures over the coming year."While there has been little change in consumer sentiment about current income levels, optimism remains strong regarding future earnings. According to the RBI, "Households remain firmly optimistic on future earnings even though their sentiment on current earnings remained around its March 2025 level."Spending habits mirror this cautious optimism. Although current expenditure on both essential and non-essential items has dipped slightly since March, consumers anticipate increased spending in the the survey suggests that while urban consumers feel only marginally better about present conditions, their confidence and hope for economic improvement in the year ahead have grown substantially.
Business Standard
2 days ago
- Business
- Business Standard
Consumer confidence remained stable says RBI
The Reserve Bank released the results of May 2025 round of its bi-monthly urban consumer confidence survey (UCCS) today. The survey collects current perceptions and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending across 19 major cities. The latest round of the survey was conducted during May 2-11, 2025, covering 6,090 respondents. The central bank noted that despite improvements in employment and price conditions, consumer confidence for the current period remained stable due to marginal decline in sentiments on the other survey parameters. The Current Situation Index (CSI) moderated by 0.1 points to 95.4 in May 2025 Consumer confidence for the year ahead improved further owing to elevated optimism in all survey parameters. Future Expectations Index (FEI) rose by 1 point to 123.4 in the latest survey round Pessimism about the current price level and inflation continued to ease for the second consecutive round. Households also expect a decline in both price and inflationary pressures over the coming year. Households remain firmly optimistic on future earnings even though their sentiment on current earnings remained around its March 2025 level.
Economic Times
22-04-2025
- Business
- Economic Times
Rural Consumer Confidence Survey reveals optimism in income and spending for 2025
Synopsis A Reserve Bank of India study indicates that rural Indian households anticipate improved earnings and maintain strong spending sentiment, particularly on essential items. The Rural Consumer Confidence Survey (RCCS) reveals optimism about future income, despite persistent inflation concerns. While inflation perceptions remain elevated, they exhibit a moderating trend, contributing to a positive outlook. Rural households in the country are consistently expecting better earnings over the next year to go with robust spending sentiment, driven by essential spending, a study by RBI officials based on data from the Reserve Bank initiated the Rural Consumer Confidence Survey (RCCS) survey shows. ADVERTISEMENT 'Despite ongoing concerns, households exhibit strong confidence in future income and resilient spending behaviour. Inflation perceptions and expectations remain high but show a moderating trend. The Current Situation Index has steadily recovered, while the Future Expectations Index indicates steady optimism,' authors Sourajyoti Sardar, Manu Swarnkar, Ayan Paul, and Tushar B Das in an article in the April 2025 bulletin. The views expressed in the article are those of the authors and not of the RBI. Since starting in September 2022, covering 42 districts across 19 states, with a target sample size of 6,100, the survey has since expanded to 9000 households from 610 villages across 100 districts, covering all 28 Indian states and three union territories and is conducted on a bi-monthly basis. The survey questionnaire is divided in four blocks ranging from essential demographic details, respondents' views and anticipations on the economy, expectations on household's income and spending and quantitative assessments of inflation perceptions and expectations.'The perceptions about current inflation have shown a declining trend over time, barring brief episodes of heightened concern, driven by elevated food prices. These have also translated to lower inflation expectations, albeit with the rate of decline being slower methodology and results in terms of descriptive statistics based on the RCCS data collected so fa,' the article said. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Time of India
22-04-2025
- Business
- Time of India
Rural Consumer Confidence Survey reveals optimism in income and spending for 2025
Rural households in the country are consistently expecting better earnings over the next year to go with robust spending sentiment, driven by essential spending, a study by RBI officials based on data from the Reserve Bank initiated the Rural Consumer Confidence Survey (RCCS) survey shows. 'Despite ongoing concerns, households exhibit strong confidence in future income and resilient spending behaviour. Inflation perceptions and expectations remain high but show a moderating trend. The Current Situation Index has steadily recovered, while the Future Expectations Index indicates steady optimism,' authors Sourajyoti Sardar, Manu Swarnkar, Ayan Paul, and Tushar B Das in an article in the April 2025 bulletin. The views expressed in the article are those of the authors and not of the RBI. Since starting in September 2022, covering 42 districts across 19 states, with a target sample size of 6,100, the survey has since expanded to 9000 households from 610 villages across 100 districts, covering all 28 Indian states and three union territories and is conducted on a bi-monthly basis. The survey questionnaire is divided in four blocks ranging from essential demographic details, respondents' views and anticipations on the economy, expectations on household's income and spending and quantitative assessments of inflation perceptions and expectations. 'The perceptions about current inflation have shown a declining trend over time, barring brief episodes of heightened concern, driven by elevated food prices. These have also translated to lower inflation expectations, albeit with the rate of decline being slower methodology and results in terms of descriptive statistics based on the RCCS data collected so fa,' the article said.
