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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