The Consumer Confidence Index (CCI) equals 82.8 in May, which is 11.2 points higher than the indicator in April, the values of indices can vary from 0 to 200, according to a study by Info Sapiens.
“The second month in a row the CCI grows rapidly. In May 2019 the Index reached the level of year 2013,” Info Sapiens’ analysts said.
They said that theCCI overcame the mark of 100 points in Kyiv.
“Such growth is the result of the voter’s optimism concerning the new President installation and future Parliament elections,” they said.
The analysts said that Indices of Expected Economic Conditions next year and Expected Changes in Personal Financial Standing experienced the most significant increase. Positive consumer confidence is also the result of stable situation on the currency market which is seen as Devaluation Expectations Index decrease by 20.2 points, to 123.4, according to the study.
In May, the indicator of Index of Expectations of Changes in Unemployment equaled 109.6, which is 0.3 points lower than previous month. Meanwhile, Index of Inflationary Expectations decreased and equals 175.8 which is 2.1 points lower than last month.
Index of Propensity to Consume increased by 2.4 p. and reached the indicator of 82.3. Index of Expected Changes in Personal Financial Standing increased by 15.2 points comparing to the previous month and reached 86.2.
In general, in April, Index of Economic Expectations (ІЕE) increased by 14.5 points to the level of 90.4.
Since June 2000, GfK Ukraine has conducted a household survey to determine consumer confidence in the country. Since 2019, it is being conducted by Info Sapiens with the assistance of Dragon Capital. Some 1,000 respondents are polled.
