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India still shining, but consumer confidence shows a dip

12-January-2007
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India still shining, but consumer confidence shows a dip

MasterCard Worldwide has announced the results of the recent MasterIndex of Consumer Confidence survey, which shows consumer sentiment for the coming six months. The survey findings indicate a note of caution on the economic outlook among consumers in India, with overall sentiment lower compared to the first half of 2006.

According to the survey results, a MasterIndex score of 65.1 shows that Indian consumers are cautiously optimistic about the next six months. However, this score is 11.3 points lower than the last survey conducted six months ago. The overall score is supported by a fairly positive outlook on the stock market (77.0) and regular income (70.6), mildly optimistic sentiments on the economy (61.9), with less optimism on both quality of life (59.8) and employment (56.3) scores.

Commissioned by MasterCard Worldwide and conducted bi-annually in selected markets in South Asia, the Middle East and Africa (SAMEA), the survey analyses consumers’ perceptions of economic conditions over the six months ahead. The MasterIndex has a range of 0 to 100 with 50 as the mid-point. A score above 50 indicates that consumers are optimistic about the economic climate, while a score below 50 signals that consumers are pessimistic about the economic situation.

The countries surveyed include Egypt, Kuwait, Lebanon, Saudi Arabia, UAE, South Africa and India. The scores are based on respondents’ answers to questions relating to five key economic barometers – Employment, Economy, Regular Income, Stock Market and Quality of Life. Bi-annual MasterIndex surveys have been held across SAMEA for the past three years and across the Asia Pacific for the last 14 years.

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