Consumer sentiment of Ukrainians in February 2020 deteriorated by 7.1 points, to 81.9 points on a 200-point scale, according to the website of Info Sapiens research agency. “All the indicator’s components decreased and the short-term economic expectations most of all,” the agency said on its website.
“In February the Consumer Confidence Index (CCI) kept decreasing. Comparing to the peak level reached in September 2019, the index lost 16 points and almost a half of this decline (7 p.) happened in February regarding the January 2020. The most significant decrease happened in the west (19 p.), north and east (10 p. each) regions. The CCI in Kyiv and in the central region is stable,” Info Sapiens analysts comment.
“In February, the Index of Economic Expectations (ІЕE) decreased by 8.9 points to the level of 86.8. The Index of Expectations of the Country’s Economic Development over the next year (х3) decreased by 12.8 points and equals 80.1. The Index of Expectations of the Country’s Economic Development over the next five years (х4) decreased to the level of 93.7, which is 7.7 points lower than in January,” it said.
“The Index of the Current Situation (ICS) decreased by 4.5 points to the level of 74.5. The Index of Current Personal Financial Standing (х1) equaled 70.7, which is 5.7 points lower than the indicator in January. The Index of Propensity to Consume (х5) decreased by 3.3 p. and reached the indicator of 78.4,” according to the report.
“In February, the indicator of Index of Expectations of Changes in Unemployment equaled 128.7, which is 9.9 p. higher than previous month,” the report says.
