Their sentiments on major parameters, except spending, moderated and, as a result, the current situation index (CSI) declined to 93.9 in July from 97.1 two months back.

Households’ optimism on economic conditions for the year ahead remained in positive terrain, though it came down from the previous survey round, RBI said in a release.

Lower optimism on general economic situation, employment and prices led to a 4.1-point moderation in the future expectations index (FEI) to 120.7 in July this year.

Sentiments on current employment situation and own income deteriorated for the second consecutive survey round. The outlook for both these parameters also moderated within the zone of optimism.

The survey collects current perceptions (vis-à-vis a year ago) and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending across 19 major cities. Female respondents accounted for 54.4 per cent of the sample comprising 6,062.

Fibre2Fashion News Desk (DS)