This year’s Global Consumer Confidence Index report is released, the index is for three years

The annual report of the Global Consumer Confidence Index has been released, according to the report, Pakistan’s Consumer Confidence Index reached its highest level in three years with an increase of +0.8 points.

Over the year, the number of people who believe the economy is strong has risen from four percent to sixteen percent, with the ease of buying essential items such as cars and houses quadrupling from previous quarters.

Inflation concerns fell to their lowest level in three years, reflecting the stability of the economy. The confidence index about job security rose 3 percent, indicating a positive outlook for employment.

According to the Global Consumer Confidence Index report, the confidence to save continued to increase, and 15 percent of people are optimistic about their future financial ability. Indicates an increase in financial stability.

Improvements were seen in three of the four sub-indices of consumer confidence, the economy’s resilience despite challenges is clearly visible, and consumer optimism continues to rise, with the recovery trend in line with regional standards, which is consistent with the economy’s recovery. Indicates stability.

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According to the report, Pakistan’s CCI has been better than previous years, indicating better economic management and resilience, with a significant increase (+13%) recorded in the relevance of purchasing durable goods. Home buying conditions improved by 10.7 percent, reflecting a long-term increase in confidence.

Future expectations regarding domestic financial conditions rose by 10 percent, reflecting an optimistic outlook. When compared with other emerging markets, Pakistan appears to be on the road to recovery.

A year later earnings expectations have improved, adding to the positive outlook. The number of people optimistic about the future economic direction increased by 6 percent.

The food and energy categories of the inflation index saw a steady decline. Compared to 2023, personal financial conditions have seen a significant recovery. This positive attitude indicates the stability and development of Pakistan’s economy.

The steady recovery in consumer confidence reflects economic macro-management and public optimism, although there are ongoing challenges in the country. An improved outlook on savings, job security, and purchasing power reflects growing resilience among Pakistani consumers.

According to the report, economic indicators show a gradual transition from stability to sustainable growth, which is delivering clear benefits at the household and business level.