Consumer confidence in March rises after negative winter trend – research

Source : 112 Ukraine

Ukrainians have become more hopeful towards the hryvnya and their own financial well-being.
14:06, 30 April 2018

112 Agency

The consumer confidence of Ukrainian citizens rose in March 2018, the Consumer Confidence Index (CCI) currently stands at 57.7, exceeding the February level by 2.3 points, according to a research study conducted by GfK Ukraine, Interfax-Ukraine reports.

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The study claims that the expectations of Ukrainian citizens towards the exchange rate of the national currency, the hryvnya, for the upcoming three months received a positive boost – the Index of Devaluation Expectations dropped by 9.9 points and reached 149.9 points.

The Index of Propensity to Consume added another 6.8 points to reach the level of 65.2. The Index of Expected Changes in Personal Financial Standing rose by 4.3 points against the previous month, and reached 58.8.

The most positive dynamics of the Index of Propensity to Consume and the Index of Expected Changes in Personal Financial Standing has been recorded across Ukrainian cities with at least 500,000 inhabitants.

Related: Ukraine sees consumer confidence index rising for fifth straight quarter

According to the report by GfK Ukraine, the Index of Inflationary Expectations fell by 4.2 points and reached 183. On the other hand, the Index of Expectations of the Country’s Economic Development over the next year added 3.8 points and reached 55. The same index regarding the upcoming 5-year period stood at 61.4 in March, hence, decreasing by 2.7 points from its February figure. Generally, the Index of Economic Expectations rose by 1.8 points to 58.4 in March 2018.

The Index of Current Personal Financial Standing was observed at 48, indicating a 0.7-point decrease from the February level. Also, the expectations of Ukrainian citizens towards the possible unemployment status have did not record a considerable change – it fell by 0.4 points and reached 134.3, GfK Ukraine concludes.

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