December 24, 2024 04:52 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait

BSE and CMIE launch world’s first high-frequency data on unemployment and consumer sentiments

| | Apr 06, 2016, at 06:38 pm
#BSE # CMIE launch # consumer sentiments
Mumbai, Apr 6 (IBNS) Bombay Stock Exchange (BSE), the world’s fastest stock exchange with the speed of 6 microseconds and CMIE, India's leading business information company, announced on Tuesday that they have joined hands to launch the world’s first high-frequency data on unemployment and consumer sentiments.
Incidentally, this is the first instance of non-governmental organisations producing an unemployment measure for any country in the world, said the BSE.
 
According to the BSE, India does not have a fast-frequency measure of unemployment and this joint effort will produce a 30-day moving average measure of the unemployment rate in India, every day and a monthly unemployment rate at the end of every month. It takes into account all observations available for a calendar month and are available from January, 2016.
 
For consumer sentiment indices, University of Michigan’s Institute for Social Research, Survey Research Centre has partnered with BSE and CMIE. 
 
University of Michigan is a leader in producing consumer sentiment indices in the US that had commenced its first Survey of Consumers in 1946. 
 
These indices would consist of 30-day moving average measures of consumer sentiments on a daily basis. Its two major constituents are index of current economic conditions and the index of consumer expectations.
 
The indices are based on response received from over 130,000 individuals in about 39,600 households, both in rural and urban India. The rural and urban break-up of each of the indices have also been released. State wise unemployment rates are also planned to be released after a few months. These indices can accessed freely fromwww.bseindia.com/bsecmieindices.
 
All indices are being launched as public goods, free for public consumption. These vitally important indicators for India are expected to help policy makers, investors, entrepreneurs, academia, the media and the public at large get a better grip of macro- economic status of Indian economy, announced BSE.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am