Farmers' optimism pushing up consumer sentiment

The CMIE index of consumer sentiment in November is likely to end about 6% higher than its October level

The consumer sentiments index has risen sharply during November. It is likely that the index would end up being about 6 per cent higher than its level in October. This would be a substantial jump during a month because ever since the index was launched in January 2016, it increased by more than 3 per cent during a month only once. The average monthly increase in the index has been negative. The mean monthly change in the index has been -0.32 per cent and the median, -0.53 per cent. The increase in the consumer sentiment index during November is therefore