Economic expectations of Ukrainians continue growing in Sept, current situation assessment worsens - GfK
The Index of Economic Expectations of Ukrainians in September 2015 increased by 1.8 points compared to August, to 53.9 and the Index of the Current Situation (ICS) decreased by 2.5 points to the number of 36.7, GfK said in a report.
"The growth of economic expectations exceeds the index of the current state dynamics. Ukrainians are expecting the improvement of the economic situation in six months or a year but have not experienced the positive changes for themselves," reads the report.
According to the report, Index of Expected Changes in Personal Financial Standing increased by 2.7 points and equals 48, and Index of Expected Economic Conditions in the Country Over the Next Year is 45.4 that is 2.2 points higher than in August.
Index of Current Personal Financial Standing decreased by 8 points and equals 24.5 and Index of Propensity to Consume increased by 2.9 points to the number of 48.8.
"The expectations of Ukrainians regarding probable unemployment improved somewhat in September: the Index of Expectations of Changes in Unemployment decreased by 4.9 points and equals 148.7. At the same time, the Index of Inflationary Expectations increased by 2.2 points and equals 186.9 in September," reads the report.
GfK said that Ukrainians’ expectations of hryvnia rate over the next three months deteriorated: the Index of Devaluation Expectations added 2 points to the number of 145.3.
In September, 2015 the Consumer Confidence Index (CCI) equaled 47 that is 0.1 point higher than the indicator in August.
The consumer confidence survey has been conducted by GfK Ukraine in Ukraine since June 2000.