Benefits of fast-frequency economic data

BSE-CMIE-UMich consumer sentiment index is not much in variance with RBI survey. While latter shows 4.6% fall in urban current situation in Nov over Sep, the former shows 2.7% fall

The Reserve Bank of India's (RBI's) Consumer Confidence Survey shows that the Current Situation Index declined by 4.6 per cent in November 2017 when compared to its level in September this year. By a similar comparison, the Future Expectations Index fell by 3.5 per cent.
 
The RBI's surveys are periodical and not continuous. So, comparisons can be made only with previous similar surveys conducted by the central bank. The latest survey by the RBI was in November 2017 and the one immediately before this was in September 2017.
 
The BSE-CMIE-UMich survey on consumer sentiment is similar to the