Confidence Index
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Economic Times and National Council of Applied Economic Research jointly conduct a survey to measure confidence index whether business or political. This survey is done periodically and for the quarter ending December 2007 is out.
The BCI (Business Confidence Index)
BCI of India is at 154 points, 8 points more from last quarter (with a growth of 8%). This shows that Indian Industry is brimming with confidence, though there are indications of a slowdown in industrial growth and corporate earnings. If the positive sentiment persists despite the turmoil in the capital market, corporate earnings may be back on track in the coming quarters.
Deloitte created the “Business Confidence Index” in 1997 with the aim of making available accurate and timely information on the country’s economy and economic situation”
The YarnandFibers Textile Business Confidence Index has become a barometer of the textile industry. It is the only kind of index in India which provides quick assessment of the performance of Indian textile companies and also the prospect in immediate future. The index, based on the perceptions of CEO/leader, is valuable for corporate strategy and business planning.
The political confidence index
This is also increasing for the third consecutive quarter to its highest level (127.7, 5.2 points higher).
The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world’s largest custom research company. You can know more about it here.
