Indian homes hopeful of a turnaround, reveals CMIE s consumer index
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CMIE is of the view that the sustenance of recovery is best achieved when households feel positive of their well-being. “India’s vast consumer markets need to feel like spending beyond their essential requirements for the economy to pick pace beyond the recovery,” it said.
Agencies
The higher growth in consumer expectation index is a reflection of rising confidence of Indian households and is vital to sustain the economic recovery, the Centre for Monitoring Indian Economy said, suggesting there is a need to further build up this confidence.
Main Street is lagging Wall Street: Morning Brief Myles Udland
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Consumer confidence remains measured while Wall Street booms.
For the last few weeks we ve chronicled the increasingly positive economic outlook for the U.S. economy and the investor enthusiasm around this idea.
But U.S. consumers are still lagging behind this buoyant outlook from the investor class.
The Conference Board s reading on consumer confidence in February published Tuesday showed the index registered a reading of 91.3 this month, a level better than January s 88.9 and better than the reading of 90 forecasted by economists.
Main Street is lagging Wall Street: Morning Brief msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON (dpa-AFX) - A report released by the Conference Board on Tuesday showed consumer confidence in the U.S. has improved more than expected in the month of February.The Conference Board