Pakistan consumer confidence falls by 1.8% in Nov

News Image

MG News | December 17, 2024 at 11:07 AM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,400.00 117,295.00
116,115.00
575.00
0.50%
BRENT CRUDE 67.87 68.01
67.86
-0.08
-0.12%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.60 63.82
63.59
-0.45
-0.70%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

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