Consumer sentiment indicates the stable condition of the economy for the future. This indicates about a consumer whether he's satisfied or not.
As if the consumer is satisfied with the economy of the country he'll purchase more, which will boost the overall purchasing and this will add an increment to the economy.
During policymaking, policymakers usually consider a few important factors which play an important role in the future boosting of the economy. One of the most important indicators of them is Consumer Sentiments this is considered during the making of policy.
A successful policy that leads an economy toward a hike and stable society requires these indicators proper consideration.
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