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Something snapped in the week ended May 29, 2022. The Index of Consumer Sentiments (ICS) tanked by 9.4 per cent. This is an unusually sharp fall.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. It opens up possibilities unimaginable until recently on economic, strategic and military issues Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your support through more subscriptions can help us practise the journalism to which we are committed. The ICS fell by 5.9 per cent in urban regions and by a much steeper 11.4 per cent in rural regions. The 30-day moving average as of May 29 dropped to 67.91 (base 100 in September-December 2015). It was 68.09 just a day earlier. The month of May could still end with the ICS higher than ... Requests mailed to any other ID will not be acknowledged or actioned upon. We do not offer any refunds. CMIE