Sentiments recovering in January

Consumer sentiments had fallen in December 2021 after five consecutive months of increases. The index of consumer sentiments fell to 57.6 (base: 100 in September-December 2015) in December 2021 after having risen from 47.7 in June to 60.3 in November. At 60.3, the index was at its highest in November 2021 since its fall in April 2020 following the Covid-induced lockdown. It had risen by an impressive 26.4 per cent between June and November 2021. The fall in December was surprising and was substantial at 4.5 per cent.

Now, trends seen in the intra-month fast-frequency data for January 2022 indicate