The drop in consumer confidence echoes cautious views from fast moving consumer goods companies, which reported slow sales growth in the April-June quarter. Only China and Indonesia showed marginal increases in consumer confidence in the second quarter, rising one and two points, respectively. The Nielsen Global Survey of Consumer Confidence was conducted over May 9-27 and more than 30,000 online consumers were polled around the world. The Consumer Confidence Index score for India decreased by six points to 128 in the April-June quarter of 2016, from a high of 134 in the first quarter, the company said in a statement. Consumer goods makers expect a good monsoon season, which will aid agriculture and thus boost rural consumption.

Source: Hindustan Times August 02, 2016 10:27 UTC