The consumer sentiment index (CSI) of Ukrainians improved by 1.1 points in July to 73.2 points on a 200-point scale, according to a study by the Info Sapiens agency.
“The main indices stabilized in July and statistically changed little compared to June 2022. The current position index has significantly slowed down the rate of decline, and the economic expectations index even showed an upward trend. At the same time, unemployment, inflation and devaluation expectations are worsening,” commented agency situation.
According to the study, the current position index fell by 1.1 points to 37.2 points. In particular, the current personal financial situation index dipped by 2.9 points last month to increased by 0.8 p. – up to 43.8 p.
In addition, the index of economic expectations (EI) in July increased by 2.5 points – up to 97.2 points. In particular, the index of the expected development of the country’s economy in the coming year increased by 2.2 points – up to as for the next five years decreased by 2.5 percentage points – to 133.9 percentage points.
Reportedly, the index of expected changes in personal financial situation increased by 7.7 points to 78.8 points.
The Info Sapiens report also indicates that the July index of the expected unemployment dynamics in Ukraine increased (worse – IF-U) by 3.7 points, to 146.4 points, and the inflation expectations index – by 0.6 points. , up to 183 p.
At the same time, Ukrainians’ expectations regarding the hryvnia exchange rate worsened in the next three months: the index of devaluation expectations rose by 5.4 percentage points to 157.5 percentage points.
The study of consumer sentiment is carried out by interviewing 1,000 people aged 16 and over on a representative sample of gender, age, and size of the settlement. The statistical deviation does not exceed 3.1%. The study has been conducted since June 2000: earlier it was conducted by GfK Ukraine, and since 2019 by Info Sapiens.
Consumer sentiment of Ukrainians in January 2020 worsened by 3.1 points, to 89 points on a 200-point scale, according to the website of the Info Sapiens research agency. “In January 2020 the highest decrease (about 6 p.p.) experienced the indices of current personal well-being (to 79), short-term economic expectations (to 92.9) and the propensity to consume (to 81.7). Population aged 60 years and older show the most pessimistic attitudes,” the agency said on its website.
At the same time, they said the index of expected changes in personal financial standing grew by 4.1 p.p.
“However, the growth of index of expected changes in personal financial standing when other indices decrease is atypical and rarely observed. Next month there is a possibility of correction,” Info Sapiens analysts comment.
As reported, consumer confidence of Ukrainians in 2019 rose sharply in the first months after the presidential election: in the second and third quarter, the figure jumped from 65.3 to 97.5 points. However, in the next two months, the decline to 91.7 points was recorded, and only in December the figures improved slightly.
