Consumer confidence in Ukraine, February 2017: index equaled 56,2

The consumer confidence of Ukrainians slightly improved in February 2017: The Consumer Confidence Index equals 56,2, which is 2,5 points higher than the last month indicator.

Index of Expectations of Changes in Unemployment and Index of Devaluation Expectations has changed most of all. It is proved by the data of The consumer confidence survey conducted monthly by GfK Ukraine.

In February 2017, the Consumer Confidence Index equaled 56,2 that is 2,5 points higher than the indicator in January 2017.

Index of the Current Situation increased by 3,1 points to the level of 51,1. The components of this index have changed as follows:

• Index of Current Personal Financial Standing equaled 42,6, which is 2,4 points higher than in January 2017;
• Index of Propensity to Consume increased by 3,7 points and reached the indicator of 59,5.

Index of Economic Expectations increased by 2,1 points, and reached 59,6 in February. The components of this index have changed as follows:

• Index of Expected Changes in Personal Financial Standing increased by 4,4 points and equals 59,7;
• Index of Expectations of the Country’s Economic Development Over the Next Year increased by 1,6 points and reached 48;
• Index of Expectations of the Country’s Economic Development in the Country Over the Next 5 Years slightly increased and reached 71,1.

In February, the expectations of Ukrainians regarding possibility of unemployment worsened: Index of Expectations of Changes in Unemployment reached the level of 152,9, which is 11,1 points higher than the respective indicator in January. Meanwhile, Index of Inflationary Expectations reached 185,9, which is 3,7 points lower than in January. The expectations of Ukrainians regarding the hryvna’s exchange rate in the coming three months improved: Index of Devaluation Expectations decreased by 9,4 points and reached the level of 154,3.

«There is a decrease in devaluation expectations in February as a result of stabilizing of currency exchange market. Generally Consumer Confidence Index slightly increased», – GfK Ukraine analysts comment.