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UBS Consumer Sentiment Survey indicates demand pickup in auto, jewellery and personal care segments

Updated : October 17, 2019 19:21:06 IST

The consumption space in India is finally showing some signs of green shoots. A consumer sentiment survey by UBS Evidence Lab says the demand situation in home care, personal care, jewellery and auto sectors have largely stopped worsening.

The survey, conducted amongst 1,600 urban Indians, also shows that purchase intentions are rising as confidence levels on jobs and incomes remain steady.

UBS Survey: Top 10 highlights
  • Income growth expectations have slipped sharply
  • Confidence levels on jobs, finances, incomes stable
  • Inflation expectations have fallen sharply to 4.6%
  • Financing conditions did not worsen versus early 2019
  • Purchase intentions for autos, property continue to rise
  • Purchase intentions for autos have increased strongly
  • 2-wheeler wholesale volume may decline in H2 due to high inventory
  • Expect only 1% YoY auto industry volume growth in FY21
  • 18% of respondents planning to buy property vs 16% YoY
  • 76% of respondents expect an increase in realty prices
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