CONSUMER CONFIDENCE SURVEY - November 2021
Pakistan│Summary Quarter 4, 2021
Key highlights of the survey :
- Government’s claim of ‘Economy getting better’ has collapsed suddenly, as the public sentiment
about overall direction of the country has hit its ever lowest. - Inflation is the most worrying issue for Pakistanis. 17% more people since Sep. ’21 reported
it to be MOST worrying issue for them. - Even when asked about other worrying issues; economy related concerns remain on top.
Meanwhile, coronavirus as a worrying issue has gone down by 18% in the last two months - Inflation and unemployment have been the most worrying issues for Pakistanis from last 2 years
- After seeing an all-time high in Sep’21, ‘current economic situation’ perception has hit rock bottom, with only 5% considering it as strong. Acute majority of 63% expect it to remain weak even in the next 6 months
- Coinciding it with Dec. ‘19 reading, only 5% claiming personal financial situation to be strong. Two-third Pakistanis fear it stay weaker in the next 6 months
- Job security perceptions have shrunk to EVER LOWEST 12%, halved since Sep’21
- 54% Pakistanis reported witnessing themselves or people known to them personally losing their jobs in the past one year, the situation continues to prevail the same since 2020.
- In the current situation, only 15% Pakistanis feel confident to save money and invest in their future. Sharp decrease in the last two months
- In comparison to one year ago, 9 in 10 Pakistanis are NOT feeling comfortable for purchasing major items like cars, homes etc.
- Similarly, more than 90% Pakistanis are feeling uncomfortable while purchasing other household items. Lowest percentage since start of 2021
- Combining all of the above; just in a two months’ time, Pakistan Consumers’ Confidence Index has gone down by 12 points. …which is THE lowest among similar emerging markets