Consumer sentiment in Ukraine improves slightly

Потребительские настроения в Украине немного улучшились

Consumers have a positive attitude

In recent months, consumer sentiment is stable.

In September 2017 consumer moods of Ukrainians improved by 0.4 points compared to August to 59 (on a scale from 0 to 200), while in annual terms, the consumer sentiment index rose 8.9 points. This is evidenced by research company Gfk Ukraine.

“Although the September consumer sentiment index for August has not changed, the index components have different dynamics. So, evaluation your own current income and reasonability of large purchases rose, but expectations of future income deteriorated,” reads the release.

As noted, these opposite trends are a consequence of the growth of nominal wages in January-September and at the same time, deterioration of devaluation expectations and the acceleration of inflation in autumn.

In the study, the current condition index showed a positive trend and increased by 4.1 points to 55. This happened due to the growth of the index of current personal financial status by 4.6 points to 48.8 and the index of reasonability of large purchases on 3.5 points to 61.5.

Improved expectations of Ukrainians concerning the unemployment dynamics of the unemployment index decreased by 3.8 points to 130.9. Slightly decreased the index of inflation expectations by 0.2 points to 185,2, said in a statement.

Also showed a positive trend, the index of expected development of the country over the next year, rising by 2.4 points to 60.2.

In General, however, in September, the Ukrainians were less optimistic about expected growth of economic indicators – the index of economic expectations decreased by 2.1 points to 61.6 cases, the study showed. More likely decreased the growth index of expected changes in personal financial status – by 6.6 points in comparison with August and 54.7. The index of expected growth of the economy in the next five years decreased by 2.2 points to 70.1.

We will remind, in Ukraine cheaper consumer loans.