The consumer confidence index of Ukrainians after a two-month positive trend in May this year improved by another 1.5 points, to 62.9 compared with the April indicator, while in annual terms it grew by 4.9 points, according to monthly research by GfK Ukraine. Ukrainians were optimistic about unemployment – the corresponding index sank by 5.3 points compared to April 2018, to 125.5, according to the study.
Positive dynamics was also shown by the index of propensity to consume: this indicator grew by 3.7 points from the previous month, to 69.8, GfK Ukraine said.
“This index received the most positive dynamics in the following groups: lower than average income, in the cities with the population of more than 100,000 people and in the group of elderly people. This result might be associated with the end of the heating season and releasing funds in these groups,” the report on the website of the group reads.
The third month in a row, Ukrainians remain optimistic about economic growth. The index of expectations of the country’s economic development over the next five years increased most of all, by 2.7 points, to 70.1, while the index of expected changes in personal financial standing showed an increase of 1.7 points, to 61.2. In general, the index of economic expectations in May rose by 1.6 points, to 64.6, although Ukrainians remain neutral as for the growth of the country’s economy in the coming year – this index rose by 0.5 points, to 62.5.
The index of current personal financial standing rose by 1.4 points, to 60.3, although Ukrainians were neutral in relation to this indicator – the figure grew by 0.8 points, to 50.9.