The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for India has shown a slight decline for the month of December 2024. The index, which provides a snapshot of consumers' confidence regarding financial conditions, stood at 60.29, slightly down from 61.00 in November 2024.
This represents a month-over-month comparison period, with the latest data reflecting a marginal dip in consumer sentiment as the year draws to a close. The updated data was released on December 13, 2024, presenting an opportunity to analyze the consumer psyche against the backdrop of various economic factors influencing the Indian economy.
The previous indicator had stabilized at 61.00 in November, after a period of growth, but the latest figures from December suggest a modest shift in consumer confidence. Stakeholders and analysts will be keen to observe whether this dip signals the beginning of a new trend or just a temporary fluctuation in consumer sentiment. As global economic dynamics continue to evolve, the PCs I index will remain a crucial barometer for assessing the economic outlook and consumer behavior in India.
The material has been provided by InstaForex Company - www.instaforex.com
This represents a month-over-month comparison period, with the latest data reflecting a marginal dip in consumer sentiment as the year draws to a close. The updated data was released on December 13, 2024, presenting an opportunity to analyze the consumer psyche against the backdrop of various economic factors influencing the Indian economy.
The previous indicator had stabilized at 61.00 in November, after a period of growth, but the latest figures from December suggest a modest shift in consumer confidence. Stakeholders and analysts will be keen to observe whether this dip signals the beginning of a new trend or just a temporary fluctuation in consumer sentiment. As global economic dynamics continue to evolve, the PCs I index will remain a crucial barometer for assessing the economic outlook and consumer behavior in India.
The material has been provided by InstaForex Company - www.instaforex.com