Consumer Confidence Increasing

Consumer Confidence Increasing

Consumer confidence in Sri Lanka went up a lot in March 2024. This means that people in Sri Lanka were feeling more positive about their own money situation and the country’s economy. Even though they were still feeling a bit unsure, the overall feeling was better than before.


The Institute for Health Policy (IHP) did a survey called the Sri Lanka Opinion Tracker Survey (SLOTS) to figure out how people were feeling. They found that all three measures they use to check confidence went up. The Index of Consumer Sentiment (ICS) went up by 9 points to 31 points, the Index of Consumer Expectations (ICE) went up by 9 points to 37 points, and the Index of Current Conditions (ICC) also went up by 9 points to 22 points.

These measures show how people feel about their own money situation, what they expect to happen in the future, and how they feel about things right now. The numbers can range from 0 to 100, and anything below 50 usually means people are feeling negative.

The survey was done by talking to over 15,000 people between October 2021 and April 2024, with 528 of those interviews happening in March 2024. They made sure to talk to people from all different backgrounds to get a good idea of how everyone was feeling.

Overall, this survey helps us understand how people in Sri Lanka are feeling about their lives and the economy, and it looks like things are starting to look up a bit.

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