The consumer sentiment index in Ukraine in May improved by 4.2 points and returned to the level of January - 45.6 points (from zero to 200) due to improved economic expectations: the evaluation of opportunities for economic growth in the next five years and changes in personal financial situations, according to a monthly study by GfK Ukraine.
"Growth in consumer sentiment in May occurred primarily due to improved expectations. The economic situation has stabilized and Ukrainians hope for its improvement in the future," the company analysts said.
The press release states that in May for the first time for the past year the index of economic expectations (by 6.7 percentage points, to 51.7) and the current situation index (by 0.3, to 36.4) rose simultaneously.
In addition, the index of expected unemployment fell to 157 points (by 2.4) and the index of devaluation expectations - to 132.6 (by 0.1).
At the same time, inflation expectations remain very high - 182 percentage notches, and in May they grew by 3.5 percentage points.
GfK Ukraine has been conducting random household surveys to ascertain consumer sentiment in Ukraine since 2000.
