The Consumer Confidence Index (CCI) equaled 77.2 in April, which was 9.4 points higher than in March (the values of indices can vary from 0 to 200), according to the survey conducted by Info Sapiens.
“The positive trend of consumer confidence corresponds to the improvement of the business expectations… It is also important to note that the positive dynamics may be enhanced by changing the survey method: in April, due to the lockdown the survey was conducted by telephone, but this method attracts a bigger share of wealthy population compared to face-to-face interviews,” Info Sapiens said on its website on Wednesday.
According to the survey, Index of the Current Situation (ICS) have not changed significantly and equals 60.0, which is 1.1 p. higher than in March. The components of this index have changed as follows: Index of Current Personal Financial Standing equals 55.3, which is 0.6 points higher than the indicator in March; Index of Propensity to Consume increased by 1.7 p. to the level 64.8.
In April, Index of Economic Expectations (ІЕE) have increased and equals 88.6. The components of this index have changed as follows: Index of Expected Changes in Personal Financial Standing equals 92.2 which is 13.0 points higher that the level of this indicator in March; Index of Expectations of the Country’s Economic Development Over the Next Year equals 71.0 which is 10.5 points higher that the level of this indicator in March; Index of Expectations of the Country’s Economic Development over the Next 5 Years increased by 21.0 points compared to last month and equals 102.5.
In April, the indicator of Index of Expectations of Changes in Unemployment is stable on the level of 148.6. Index of Inflationary Expectations slightly decreased and equals 185.1.
Expectations of Ukrainians regarding the hryvna’s exchange rate in the coming three months have worsened: Index of Devaluation Expectations increased by 10.9 p. and equals 145.3.
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.
The consumer confidence index in Ukraine in May 2020 improved by 10.1 points, to 76.3 points on a 200-point scale, and Ukrainians’ assessment of their current situation by 5.9 points, to 57.4 points, according to the research agency Info Sapiens.
“The consumer confidence Index in May increased and reached the level of March 2020. The main factor of growth is the improvement of expectations regarding personal financial situation, which is probably related to the termination of strict quarantine. At the same time, assessments of current personal financial situation and the propensity to make big purchases remain low and have not returned to the pre-quarantine level,” Info Sapiens analysts comment.
“The Index of Propensity to Consume (х5) increased by 9.8 p. and reached the indicator of 55.1. The Index of Current Personal Financial Standing (х1) equaled 54.3, which is 2.0 points higher than the indicator in April,” the agency said on its website.
“In May, Index of Economic Expectations (ІЕE) increased by 12.9 points to the level of 90.7. The components of this index have changed as follows: the Index of Expected Changes in Personal Financial Standing (х2) increased by 22.7 points comparing to the previous month and equals 92.5, the Index of Expectations of the Country’s Economic Development over the next year (х3) increased by 19.1 points and equals 73.7, the Index of Expectations of the Country’s Economic Development over the next 5 years (х4) slightly decreased to the level of 106.0, which is 3.2 points lower than in April,” according to the document.
“In May, the indicator of Index of Expectations of Changes in Unemployment equaled 151.8, which is 17.1 p. lower than previous month. The Index of Inflationary Expectations decreased to the level of 165.4, which is 7.2 points lower than last month. Expectations of Ukrainians regarding the hryvnia’s exchange rate in the coming three months have improved: the Index of Devaluation Expectations decreased by 10.3 points and reached the level of 136.5,” the agency said.
The consumer confidence of Ukrainians in April 2020 worsened by 6.8 points, to 66.2 points on a 200-point scale, and their assessment of their current situation by 18.4 points, to the level of 2017, or to 48.8, according to data from Info Sapiens research agency.
“The Consumer Confidence Index (CCI) lost 7 more points during the second month of the quarantine. Such loss is not big comparing with negative dynamics of the CCI in March-April in European countries. Namely, in Poland and Hungary the index decreased by 37 points, in Germany by 26 points, in Spain by 13 points, and Italy by 13 points,” according to a report on the agency’s website.
“The Index of Current Personal Financial Standing equaled 52.3, which is 7.8 points lower than the indicator in March, while the Index of Propensity to Consume decreased by 29 points and reached the indicator of 45.3,” the report says.
“The propensity of Ukrainians to believe in the short-term nature of the crisis (in the perspective of one year) and optimistic expectations about economic development in the next 5 years keeps consumer confidence from rapid decline. At the same time, the most sensitive to the current crisis was the Index of Propensity to Consume: the April value of this index is the lowest for the period June 2014-April 2020. Approximately the same level of this Index was observed in July-August 2015. The decrease of propensity to consume indicates a strong sense of uncertainty among consumers and a strategy of cautious consumer behavior,” Info Sapiens analysts comment.
“In April, the Index of Economic Expectations increased insignificantly by 0.9 points to the level of 77.8. The indicator of the Index of Expectations of Changes in Unemployment equaled 168.9, which is 35.5 points higher than in the previous month. The Index of Inflationary Expectations decreased to the level of 172.7, which is 12.7 points lower than last month. Expectations of Ukrainians regarding the hryvnia’s exchange rate in the coming three months have improved: the Index of Devaluation Expectations decreased by 7.2 points and reached the level of 146.8,” according to the document.
The Consumer Confidence Index (CCI) in Ukraine equals 88.0 in July, which is 5.5 points higher, than the indicator in June, and the highest figure since August 2013, according to a study of Info Sapiens posted on the website of the company.
“The Consumer Confidence Index reached the new peak. Indices of Current Personal Financial Standing and Expectations of the Country’s Economic Development in one and in five years show the biggest growth in July comparing with June… Trust in the new government promotes the growth of optimistic expectations concerning the economic development in general,” Info Sapiens analysts said.
They said that improvement of Current Personal Financial Standing estimation is explained by growth of real wages in June 2019 comparing to May, while UAH rates and prices remain stable.
Index of the Current Situation (ICS) increased by 5.8 points to the level of 76.9, including Index of Current Personal Financial Standing equaled 70.5, which is 8.1 points higher than the indicator in June.
In July, Index of Economic Expectations (ІЕE) increased by 5.4 points to the level of 95.4, including Index of Expectations of the Country’s Economic Development Over the Next Year increased by 8.3 points and equals 99.6; and Index of Expectations of the Country’s Economic Development over the Next 5 Years increased and equals 99.6, which is 7.7 points higher than in June.
In July, the indicator of Index of Expectations of Changes in Unemployment equaled 114.4, which is 5.0 points higher than previous month. Meanwhile, Index of Inflationary Expectations slightly decreased and equals 177.1, which is 0.7 points lower than last month. The expectations of Ukrainians regarding the hryvna’s exchange rate in the coming three months also have slightly improved: Index of Devaluation Expectations decreased by 1.1 points and reached the level of 129.5.
The Consumer Confidence in Ukraine survey was conducted by GfK Ukraine since June 2000. From 2019 this project is provided by Info Sapiens with support of Dragon Capital. The poll involves 1,000 respondents.
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.
