Consumer confidence in Ukraine , December 2017: index equaled 60 . 3

The consumer confidence of Ukrainians deteriorated in December 2017: The Consumer Confidence Index (CCI) equals 60.3, which is 2 pointslower than in November.

Almost all index components decreased, the expectations regarding possibility of unemployment experienced the most significant changes. It is proved by the data of The consumer confidence of Ukrainians survey conducted monthly by GfK Ukraine, in December 2017, the Consumer Confidence Index (CCI) equals 60.3 that is 2 points lower than  in November. Index of the Current Situation (ICS) decreased by 0.3 points to the level of 57.5.

The components of this index have changed as follows:

• Index of Current Personal Financial Standing (х1) equals 47.3, which is 0.2 points lower than the indicator in November;
• Index of Propensity to Consume (х5) decreased by 0.4 points and reached the indicator of 67.7.

Index of Economic Expectations (ІЕE) decreased by 3.2 points to the level of 62.1 in December. The components of this index have changed as follows:

• Index of Expected Changes in Personal Financial Standing (х2) decreased by 2.4 points compared to the past month and equals 55.9;
• Index of Expectations of the Country’s Economic Development Over the Next Year (х3) decreased by 2.7 points and reached 59.0;
• Index of Expectations of the Country’s Economic Development in the Country Over the Next 5 Years (х4) equals 71.5 that is 4.5 points lower than the indicator in November.

In December, the expectations of Ukrainians regarding possibility of unemployment deteriorated significantly: Index of Expectations of Changes in unemployment increased by 16.3 points and equals 138.4. Index of Inflationary Expectations increased by 3.5 points and reached 190.3. The expectations of Ukrainians regarding the hryvna’s exchange rate in the coming three months have almost remained unchanged: Index of Devaluation Expectations decreased by 0.9 points and reached the level of 165.7.

«Despite the expected holidays, the Consumer Confidence Index experienced a tendency of slight deterioration in December. The decrease occurred due to the expectations of future revenue and economic development. After a long decline, Index of Expectations of Changes in Unemployment has also increased, which confirms the uncertainty of consumers regarding economic development», – GfK Ukraine analysts comment.

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