labels: economy - general
Indian consumer confidence down news
Our Economy Bureau
08 December 2004

New Delhi: Indian consumer confidence has declined marginally from its position at the beginning of the year.

According to a MasterCard International survey conducted across South Asia, Middle East and Africa (SAMEA) region, Indian consumer confidence showed a slight decrease with the MasterIndex rating falling from 63.5 in February this year to 58.0 in August, out of an index of 100.

The survey, taken twice a year, analyses consumers' perceptions on economic conditions over the next six months in the seven markets in the SAMEA Region, which include, South Africa, Egypt, Kuwait, Lebanon, Saudi Arabia, United Arab Emirates (UAE) and India.

The scores are based on respondent answers to questions related to five factors: Employment, Economy, Regular Income, Stock Market and Quality of Life.

According to a press release from MasterCard, the fall in Indian consumer confidence is possibly due to consumers being less positive on three of five factors, namely Quality of life, Economy and Stock Market, with index scores falling by 21.0 per cent, 5.6 per cent and 4.1 per cent respectively.


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Indian consumer confidence down