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Consumer Confidence Index in Ukraine highest since summer 2014 - Survey

 Consumer Confidence Index in Ukraine highest since summer 2014 - SurveyThe Consumer Confidence Index (CCI) in December 2016 equals 57.1, which is 9.7 points higher than the indicator in November, and it was the highest since summer 2014, GfK Ukraine said on Tuesday in a monthly survey.

"Consumer optimism usually improves in December. Comparing to November, the Index of Economic Expectations in the next five years improved most of all in December 2016. That might reflect restoring trust in government. This index reached its maximum indicator over the last two years," GfK Ukraine analysts said.

They said that almost all index components showed positive dynamics. Index of Economic Expectations and Index of Expected Changes in Personal Financial Standing have changed most of all.

Index of the Current Situation (ICS) increased by 6.7 points to the level of 53.4. The components of this index have changed as follows: Index of Current Personal Financial Standing equalled 43.4, which is 8.6 points higher than in November; Index of Propensity to Consume increased by 4.7 points and reached the indicator of 63.5.

Index of Economic Expectations (ІЕE) increased by 11.7 points and reached 59.6 in December. The components of this index have changed as follows: Index of Expected Changes in Personal Financial Standing increased by 14 points and equals 57.3; Index of Expected Economic Conditions in the Country Over the Next Year increased by 5.8 points and reached 46.5; Index of Expected Economic Conditions in the Country Over the Next Five Years increased by 15.3 points and reached the level of 75.1.

Index of Inflationary Expectations improved and reached 186.3 in December, which is 3.9 points lower than in November. Index of Devaluation Expectations decreased by 6.1 points and reached the level of 158.5.

In December, the expectations of Ukrainians regarding a possibility of unemployment declined: Index of Expectations of Changes in Unemployment reached the level of 145.2, which is 1.3 points higher than the respective indicator in November.

GfK Ukraine has been performing selective household surveys to determine consumer sentiment in Ukraine since 2000. During the survey the company polled 1,000 people at the age of over 16 years.
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