CURRENT AFFAIRS

Detailed explanation-1: -National Index Trends China (69.5) and India (64.1) continue to be the only other countries with a National Index score above 60. Just four other countries show a National Index above the 50-point mark: Australia (52.2), Brazil (51.5), the U.S. (50.9), and Mexico (50.5).

Detailed explanation-2: -US Consumer Confidence Declined in January. The Conference Board Consumer Confidence Index® decreased in January following an upwardly revised increase in December 2022. The Index now stands at 107.1 (1985=100), down from 109.0 in December (an upward revision).

Detailed explanation-3: -The Consumer Confidence Index (CCI) of the United Kingdom was 93.1 in December 2022, compared with 99.8 a year earlier. Consumer confidence in the UK has been falling sharply since Summer 2021 and is currently at one of its lowest point during the provided time period.

Detailed explanation-4: -The Index of Consumer Confidence is calculated by The Conference Board of Canada using a survey of four attitudinal questions posed to Canadian households. The index measures consumer optimism about the current economic environment and is an indicator of consumer product sales in the near term.