The BluFin Consumer Confidence Index (CCI) for the month of May indicates that consumer's expectations towards the future remain bleak.
With a score of 41.7, the BluFin CCI has gone up by a miniscule 0.7 per cent over the April 2012 score of 41.1.
The BluFin CCI is a key ‘aggregate' indicator that assesses the pulse of urban Indian consumers with regard to the economy and spending behaviour.
Mr Rashid Bilimoria, CEO, BluFin said, “There has been virtually no change in the consumer sentiment since last month. The slight sign of improvement that the CCI numbers were showing seems to have come to a standstill. The current economic upheaval and the global scenario has left the consumer in a ‘wait and watch' mode.”