One of the two measures of consumer sentiment, published by private broadcaster BloombergHT improved in the first April reading. The level of the index remains deeply in the pessimistic territory. The pick-up in consumer moods may also be driven by perverse reasons. The press report for the release of the index states: “Rising inflation expectations might have contributed to the improvement of tendency to consume. Recent climb in real estate sales might also be reflecting this tendency”.
The details of the twice-monthly survey are as follows:
Prviate broadcaster Bloomberg HT’ Consumer Confidence Index preliminary result for April 2022 displays a rise of 17.90 per cent for the consumer sentiment as the index value of 54.57.
In the first half of April, there are improvements both at current perceptions and future expectations of consumers for the economy except household financial perception compared to a year ago. Falling tension of Russia–Ukraine War following peace talks and its reflections on financial markets seem to be the main drivers of improving sentiment. In this respect, Bloomberg HT Consumer Expectations Preliminary Index rises by 19.86 percent compared to end of March as of the index number 72.20.
Bloomberg HT Consumption Tendency Preliminary Index which tries to measure consumers’ stance on whether the current period is the right time to buy durable goods, autos and real estate is experiencing a rise of 41.42 percent to the value of 42.04. Rising inflation expectations might have contributed to the improvement of tendency to consume. Recent climb in real estate sales might also be reflecting this tendency.
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