Consumer confidence plunges: survey.

KARACHI -- Consumer confidence in the country recorded a drop of one-fifth in July-September from the preceding quarter, according to a survey report released on Monday.

Prepared and issued by Dun and Bradstreet Pakistan and Gallup Pakistan, the Consumer Confidence Index (CCI) for the third quarter of 2021 declined 19.6 per cent to 70.8 points from 88 points for the April-June quarter.

'This deterioration in sentiment is driven by weakening macroeconomic indicators, primarily an increase in inflation and rupee depreciation. Consumers are perceiving these declining indicators as signals for further deterioration in their personal and economic conditions,' the report said.

The CCI report assesses consumers' confidence about the economy as well as their personal financial situation. The index covers four key parameters: household financial situation, the macroeconomic condition, unemployment and household savings. The index reflects 'current situation' - economic changes witnessed in the last six months - as well as 'future expectations' that take into account changes expected in the next six months across the country.

The CCI ranges from zero...