Institute for Health Policy:Consumer confidence indices increase by six points 

The Institute for Health Policy (IHP) has released the July 2023 update of its Consumer Confidence Indices, generated from its Sri Lanka Opinion Tracker Survey (SLOTS).

According to IHP, the Index of Consumer Sentiment (ICS), the broadest measure of the public’s view of their personal economic status and the national economy increased by 6 points to 30 points in July 2023.

This is the highest recorded value seen since Oct. 2021. The ICS ranges from zero to a potential maximum of 100, with levels below 50 indicating net Pessimism.

The Index of Consumer Expectations (ICE), a measure of perceptions of the future, also increased by 6 points to a new peak of 37 indicating less pessimistic views in public expectations about the long-term future of the country and their personal financial situation.

The Index of Current Conditions (ICC), a measure of perceptions of current conditions also showed some recovery by increasing 7 points to 20 points.

The CCI estimates are based on 459 interviews conducted in July 2023 and 11, 515 adults surveyed between Oct. 21, 2021–Jul. 31, 2023, with sample sizes varying between indices depending on which respondents were randomized to specific questions and response rates.