Business news from Ukraine

CONSUMER CONFIDENCE OF UKRAINIANS DECREASES IN JAN

17 February , 2021  

The Consumer Confidence Index (CCI) equals 60.7 (the values of indices can vary from 0 to 200) in January, which is 5.2 points lower than in December 2020, according to a study of Info Sapiens.
“The consumer confidence index in January 2021 reached its lowest level since April 2019. Thus, the index returned to the level as in early 2019, before it began to grow due to the presidential elections,” Info Sapiens said in a report on Tuesday.
According to the study, Index of the Current Situation (ICS) equals 57.4 which is 3.4 p. lower than previous month. The components of this index have changed as follows: Index of Current Personal Financial Standing equals 48.2, which is 5.1 points lower than the indicator in December; and Index of Propensity to Consume decreased slightly to 66.6.
In January, Index of Economic Expectations (ІЕE) decreased by 6.4 points and equals 62.9. The components of this index have changed as follows: Index of Expected Changes in Personal Financial Standing equals 68.6 which is 7.8 points lower that the level of this indicator in December; Index of Expectations of the Country’s Economic Development Over the Next Year decreased by 5.8 points and equals 49.2; and Index of Expectations of the Country’s Economic Development over the Next 5 Years decreased by 5.7 points compared to last month and equals 70.8.
Info Sapiens said that in January, the indicator of Index of Expectations of Changes in Unemployment slightly increased to the level of 147.2. Index of Inflationary Expectations increased by 3.2 points and reached the level 189.9.
Expectations of Ukrainians regarding the hryvna’s exchange rate in the coming three months remain stable: Index of Devaluation Expectations equals 148.7.

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