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Consumer confidence collapses to historic low in May, says RBI survey

Shortpedia

Content Team

A survey released by RBI has showed that consumer confidence has collapsed to historic low amid the coronavirus pandemic. "Consumer confidence collapsed in May 2020, with the Current Situation Index (CSI) touching historic low and the one year ahead Future Expectations Index (FEI) also recording a sharp fall, entering the zone of pessimism," as per the Consumer Confidence Survey (CCS) released by the RBI.