Business news from Ukraine


10 April , 2015  

KYIV. April 10 (Interfax-Ukraine) – Consumer confidence in Ukraine improved by 0.7 points, to 41.8 in March 2015, according to a study conducted by GfK Ukraine.

“In March 2015 the fall in consumer confidence of Ukrainians [which] continued for the past fours month [was] suspended. The Consumer Confidence Index (CCI) improved by 0.7 points, to 41.8,” reads the report on the study issued by the company.

The company said that the Index of Propensity to Consume lost 3.3 points, reaching 48.9.

Expectations of changes in unemployment improved: the Index of Expectations of Changes in Unemployment (IECU) rose by 6.1 points, to 163.3.

Inflationary expectations improved: the Index of Inflationary Expectations (IIE) lost 6.7 points, reaching 181. Devaluation expectations improved by 27.4 points, to 133.6.

“In the periods of the reduction of devaluation expectations consumer confidence mainly improved among rich citizens and residents of large cities. Along with measures aimed at reducing the deficit of the Pension Fund, confidence of respondents aged 60 or over worsened by 3 points,” reads the report.

CCI in Ukraine is calculated on the basis of a selective poll of households. During the study, 1,000 people aged from 16 upwards were polled.

GfK Ukraine is a Ukrainian research company. It is part of the GfK Group international market research network.