Do consumers expect to spend on motor vehicle purchase in 6 months?

According to one of the questions asked in SBP's exercise to capture consumer confidence, in recent months, folks that said they were looking to purchase a motor vehicles over the next six months were much less than those who said they do have such plans. The distance from the mid-line (at 50) is still much wider compared to FY18 when this distance had significantly narrowed. This was the year when automobile companies sold some of the highest volumes in history. It stands to reason that a lower diffusion index here implies lower volumes in automobiles...

SBP reports results of households, businesses and other perception surveys in the form of Diffusion Index (DI). The Diffusion Index shows the general tendency of respondents about a certain aspect of a particular survey. The questionnaire for this survey offers five types of options to the respondents for each question. (i) PP= Increase/improve significantly; (ii) P = Increase/improve; (iii) E = Unchanged/neutral; (iv) N = decline /deteriorate; and (v) NN = decline/deteriorate significantly. DI ranges from 0 to 100; interpretation of which is as follows: DI > 50 indicates that Positive views are more than Negative views; DI = 50 indicates that Positive views and Negative views are equal; DI < 50 indicates that Positive views are less than the Negative views.
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