Consumer Confidence Index (CCI) Dropped to 62 points in September

According to ARA Marketing Research and Consultancy, the Consumer Confidence Index (CCI) lost 15 points to stand at 62 points in September, recording a ten-month low. This decline was triggered by the plunge of all Confidence Indices, except the Purchase of Durable Goods Index which added 10 points to 117 points.

The security situation in the North pushed the Security Situation Index down by 85 points, to reach 58 points in September.

Likewise, the Current Economic Situation Index dropped, for the second month in a row, by 16 points, to stand at 77 points. Moreover, the Current Personal Income Index plummeted by 37 points to 57 points. This came as a result of the inability of the Parliament to solve the public sector wage-scale problem.

In contrast, the Expected Personal Income Index almost stabilized, losing only 2 points to 64 points, while the Expected Economic Situation Index decreased by 9 points to 46 points, in September.

CCI Historic Levels

Consumer Confidence Index (CCI) Dropped to 62 points in September


Source: ARA Marketing Research and Consultancy

Leave a Reply

Your email address will not be published. Required fields are marked *