Business news from Ukraine

CONSUMER CONFIDENCE INDEX CONTINUES IMPROVING – GFK UKRAINE

19 July , 2018  

The index of consumer confidence of Ukrainians in June 2018 after a three-month positive trend increased by 2.7 points, to 65.6 (hereinafter on a scale from zero to 200) compared with the May index, and in annual terms it showed an increase of 6.2 points, according to a monthly research by GfK Ukraine. According to research, the index of current personal financial standing showed the greatest positive dynamics, having increased by 8.8 points in comparison with May 2018, to 59.6. “This result might be associated with the gradual growth of real income of the population, as well as with the fact that there is decline in prices of basic food commodities in summer,” GfK Ukraine analysts note.
The index of expected changes in personal financial standing rose by 6.2 points, to 67.3, and in general the index of the current situation in monthly comparison grew by 5.1 points, to 65.5 points, GfK Ukraine said.
Ukrainians in June this year were optimistic about the expectations of the country’s economic development over the next five years: the corresponding index rose by 3.3 points compared to the May figure, to 56.4. Ukrainians also showed a propensity for optimism with respect to inflation expectations: this index fell by 3.4 points, to 187, the study shows.

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