Pakistan consumer confidence falls by 1.8% in Nov

December 17, 2024 (MLN): The consumer confidence Index (CCI) in Pakistan declined by 1.8% to 34.9 points in November compared to last month, according to a survey report released by the State Bank of Pakistan (SBP).

Sentiments regarding the Current Economic Conditions (CEC) index also decreased by 2.55% to 33.6 points while the Expected Economic Conditions (EEC) index declined by 1% to 36.2 points over the previous wave.

At the same time, inflation expectations increased by 3% to 70.5 points. While concerns regarding unemployment in the next 6 months increased 2.1% to 72.3 points.

Furthermore, the expectations for interest rate in next 6 months increased by 1.6% to 59.2 points compared to last month.

The CCI report assesses consumers’ confidence about the economy as well as their personal financial situation.

The overall CCI is calculated from survey results and evaluated within a range of 0-100, indicating an optimistic outlook when the index is above 50 while showing a pessimistic attitude towards future economic situations when it is below 50.

The index reflects the ‘current situation’ — economic changes witnessed in the last six months — as well as ‘future expectations’ that take into account changes expected in the next six months across the country.

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