Consumer Confidence improves marginally in July'19

News Image

By MG News | July 22, 2019 at 12:42 PM GMT+05:00

0:00

July 22, 2019 (MLN): July 2019’s Consumer Confidence Index (CCI) remained largely flat according to the State Bank of Pakistan (SBP), improving marginally by 0.66%, whereas Overall Inflation Expectations decreased by 1.49% compared to the previous survey conducted in May2019.

A CCI measures how optimistic of pessimistic consumers are with their views on economy in the present and near future. The basic concept is that if the consumers are optimistic, the consumption will rise in the near future and vice versa.

This shift in consumption is one of the key movers of the economy. A CCI reflects consumers’ perceptions of present and future business and employment condition.

The latest wave of Consumer Confidence Survey (CCS) i.e. July 2019 was the 46th wave of survey since inception in which 1,721 households were surveyed in total.

As per SBP, the latest change in CCI can be attributed to deterioration in the current economic conditions index (CEC), which decreased by 1.2 percent while the expected economic conditions index (EEC) recorded an increase of 2.3 percent from its value in the previous survey.\"\"

Inflation indices constructed from the survey data continued to show persistently high expected inflation though the index was slightly lower than the previous wave in May2019.

\"\"

*Note: All the tables and charts used in this article are a courtesy of SBP's Consumer Confidence Survey Report for July 2019.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 122,143.57
238.19M
-1.57%
-1949.56
ALLSHR 76,055.22
966.52M
-1.36%
-1051.07
KSE30 36,883.30
115.66M
-1.74%
-653.39
KMI30 180,397.18
129.11M
-2.16%
-3973.50
KMIALLSHR 52,092.45
393.86M
-1.73%
-918.69
BKTi 29,957.41
15.86M
-1.36%
-411.82
OGTi 27,188.26
11.39M
-1.70%
-471.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,715.00 106,630.00
103,010.00
-1380.00
-1.29%
BRENT CRUDE 75.10 78.50
70.41
5.74
8.28%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.00
-2.22%
ROTTERDAM COAL MONTHLY 103.60 103.60
103.50
1.00
0.97%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 73.18 77.62
68.49
5.14
7.55%
SUGAR #11 WORLD 16.08 16.50
16.07
-0.19
-1.17%

Chart of the Day


Latest News
June 13, 2025 at 11:59 PM GMT+05:00

SBP revises export declaration format in PSW system


June 13, 2025 at 11:52 PM GMT+05:00

PMEX appoints Nadeem Karamat as new chairman


June 13, 2025 at 09:34 PM GMT+05:00

Silver to rise toward $48–$50 as rally gains strength


June 13, 2025 at 05:34 PM GMT+05:00

Gold price in Pakistan rises Rs4,600 per tola


June 13, 2025 at 05:03 PM GMT+05:00

PSX Closing Bell: A Hard Day’s Fall



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg