Consumer Confidence in Ukraine, December 2016: index reached 57,1

The consumer confidence of Ukrainians improved in December 2016: Consumer Confidence Index equals 57,1, which is 9,7 points higher than the indicator in November.

Almost all index components showed positive dynamics. Index of Economic Expectations and Index of Expected Changes in Personal Financial Standing has changed most of all. It is proved by the data of The Consumer Confidence of Ukrainians survey conducted monthly by GfK Ukraine.

In December 2016, the Consumer Confidence Index equaled 57,1 that is 9,7 points higher than the indicator in November.

Index of the Current Situation 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 equaled 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,

Index of Economic Expectations 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 5 Years increased by 15,3 points and reached the level of 75,

In December, the expectations of Ukrainians regarding 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. Meanwhile, Index of Inflationary Expectations improved and reached 186,3 in December, which is 3,9 points lower than in November. The expectations of Ukrainians regarding the hryvna’s exchange rate in the coming three months are optimistic in December: Index of Devaluation Expectations decreased by 6,1 points and reached the level of 158,5.

«Comparing to November, the Index of Economic Expectations in the next 5 years improved most of all in December 2016. This index reached its maximum indicator over the last 2 years», ─ GfK Ukraine analysts comment.