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India Leads in Consumer Confidence Index

India Leads in Consumer Confidence Index

Indian consumers were the most confident in the world in terms of job prospects, personal finances and concerns in the first quarter of 2016. Their Confidence Index touching a nine-year high, according to a study by global performance management company Nielsen, reports the  Economic Times.
The Consumer Confidence Index score for India increased three index points in the first quarter to a score of 134, the highest for the country since 2007 and comes after three consecutive quarters at 131. Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively.
Nielsen Q1 2016 CCI Wheel
Nielsen Q1 2016 CCI Wheel
The Nielsen Global Survey polled more than 30,000 online consumers in 63 countries throughout Asia-Pacific, Europe, Latin America, the Middle East/Africa and North America. The score jumped 10 points to 110 in the U.S.; while China (105), Germany and UK (97) and Japan (73) showed quarter-on-quarter decline. “Overall, global consumer confidence remained stable in the first quarter and below the optimism baseline score of 100, edging up one index point to 98. The score reflected mixed confidence levels in every region,” Nielsen said.

Nielsen India regional managing director Roosevelt D’Souza said, “The government seems to be on its way to achieving its objectives of low inflation, low interest rates and high GDP growth–a scenario optimal for improved consumer spending.”

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