09:31 27.11.2018

Consumer confidence decreases to level of early 2018 in Oct 2018

2 min read
Consumer confidence decreases to level of early 2018 in Oct 2018

Consumer confidence of Ukrainian in October 2018 decreased to the level of early 2018, and the downward trend touched all indexes, apart from devaluation expectations.

According to the materials of the monthly study of GfK Ukraine, the consumer confidence index (CCI) equaled 56.9 in October 2018, which is 5.7 points lower than the indicator in September 2018 and 5.7 points higher than in October 2017.

GfK Ukraine said that index of expectations of the country's economic development over the next year decreased by 9.7 points and equaled 52.9.

Index of expectations of the country's economic development over the next five years also decreased and equaled 64.3, which is 7.2 points lower than the indicator in September.

In general, in October, index of economic expectations (ІЕE) decreased by 6.6 points to the level of 57.5.

Index of propensity to consume decreased by 6.2 points and reached the indicator of 65.3, GfK Ukraine said.

Index of the current situation (ICS) decreased by 4.5 points and equaled 56.

Index of expected changes in personal financial standing decreased by 2.8 points comparing to the previous month and equaled 55.1.

In October, the expectations of Ukrainians regarding the possibility of unemployment have slightly worsened: the indicator of index of expectations of changes in unemployment equaled 136.2 that is 2.3 higher than the indicator in the previous month.

Meanwhile, index of inflationary expectations has remained mostly unchanged 190.3, which is 0.1 points lower than in the previous month.

"At the same time, the consumers corrected the devaluation expectations: the index of devaluation expectations decreased after its sharp growth in August-September," the authors of the study said, adding that index of devaluation expectations decreased by 8.1 points and reached the level of 162.2.

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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