19:07 22.05.2018

Consumer confidence of Ukrainians in April continues improving

2 min read
Consumer confidence of Ukrainians in April continues improving

The consumer confidence of Ukrainians improved in April 2018: the Consumer Confidence Index equals 61.3, which is 3.7 points higher than the indicator in March 2018, GfK Ukraine has said in its monthly study.

"The major increase occurred in the Index of Expected Economic Development Over the Next Year. This dynamics correlates with the improvement of the enterprises' expectations regarding their business development in the next 12 months that occurred in the first quarter of 2018, according to the National Bank research," GfK Ukraine analysts said.

According to the study, Index of the Current Situation (ICS) increased by 2.3 points to the level of 58.9. The components of this index have changed as follows: Index of Current Personal Financial Standing equaled 51.7, which is 3.7 points higher than the indicator in March; and Index of Propensity to Consume increased by 0.9 points and reached the indicator of 66.2.

Index of Economic Expectations (ІЕE) increased by 4.6 points to 63.0 in April. Index of Expectations of the Country's Economic Development Over the Next Year increased by 7 points and equaled 62; Index of Expectations of the Country's Economic Development Over the Next 5 Years (х4) equaled 67.5, which is 6.1 points lower than the indicator in March.

In April, the expectations of Ukrainians regarding the possibility of unemployment are positive: the indicator of Index of Expectations of Changes in Unemployment decreased by 3.5 points and equaled 130.7. Meanwhile, Index of Inflationary Expectations increased by 5.5 points, and reached 188.5. The expectations of Ukrainians regarding the hryvna's exchange rate in the coming three months improved: Index of Devaluation Expectations decreased by 2.3 points and reached the level of 147.6.

GfK Ukraine has been surveying households to determine consumer confidence in Ukraine since June 2000. Some 1,000 respondents are polled.

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