Recent surveys in other countries indicate that consumer confidence in Sri Lanka is the worst in the Asia- Pacific region, the Institute for Health Policy (IHP) revealed in the latest update of its Consumer Confidence Indices for October 2022.
The latest update also shows that the broadest measure of the public’s view on their personal economic status and Sri Lanka’s economy has increased by 01 point to 9 points.
The Institute for Health Policy (IHP) has released the October 2022 update of its Consumer Confidence Indices, which are generated from its Sri Lanka Opinion Tracker Survey (SLOTS).
Despite fluctuations during the month, all three of IHP’s consumer confidence indices realized minimal net changes by end-October 2022.
The Index of Consumer Sentiment (ICS), the broadest measure of the public’s view on their personal economic status and the national economy and which ranges from zero to a potential maximum 100, increased by 1 point to 9 points.
The Index of Consumer Expectation (ICE), a measure of perceptions about the future, increased by 01 point to 11 points.
The Index of Consumer Conditions (ICC), a measure of perceptions about current conditions remained unchanged at 6 points.
Dr Rannan-Eliya, Executive Director of IHP, commented that recent surveys in other countries indicate that consumer confidence in Sri Lanka is the worst in the Asia- Pacific region.
Taking the Index of Consumer Sentiment as a comparison, levels in September ranged from 31 to 71 in other Asian economies, with Japan being the worst with a level of 31, still substantially higher than in Sri Lanka (8).
Full report: http://ihp.lk/publications/docs/SLOTSReport202212.pdf (NewsWire)