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    Sri Lanka Consumer Confidence: Consumer confidence continues to decline in February

    Consumers remain very pessimistic, with a small recovery in current buying conditions

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    Kumara N., Ghafoor A., Wisidagama N., Kapuge Y., Rannan-Eliya R P
    13 Mar 2023

    Abstract:Consumer confidence, which was already deeply pessimistic, continued to worsen in February, with the Index of Consumer Sentiment (ICS) declining 3 points to reach 12.

    The ICS is the broadest measure of the public´┐Żs views of their personal economic status and the national economy which ranges from zero to a potential maximum 100, with levels below 50 indicating net pessimism.




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