According to CMIE, the average monthly growth in consumer sentiments during April 2022 through March 2023 was 2.68% but the month-to-month change was volatile, ranging from -1.7% in November to 7.1% in September. “The expected growth in April 2023 would be in the vicinity of the average monthly growth seen in 2022-23,” it said in its weekly labour market analyses, adding that the consumer sentiments are growing at a rather slow pace.
