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Russian peoples consumer confidence index up 5 pp. Q2 2014

In the second quarter of 2014, the consumer confidence index reflecting the collective consumer expectations of Russia's population increased by 5 percentage points against the previous quarter and reached -6%, Russia's Federal State Statistics Service informed.

The index growth reflects positive changes in all its components and was mainly driven by the growing indices of recent and expected economic changes in Russia, the satatistics service emphasizes.

The index of expected short-term economic changes in Russia increased by 11 percentage points to -0.4%. 23% of the respondents expect positive changes in the national economy over the next 12 months (against 15% in Q1 2014). The share of respondents expecting the economic situation to change for the worse decreased to 22% from 30% in Q1 2014.

The index of recent economic changes in Russia went up 7 percentage points to -6% from -13% in the first quarter of 2014. The share of respondents regarding the recent changes in Russia's economy as positive increased to 20% against 14% in the previous quarter. The share of respondents voicing negative opinions decreased to 30% from 35% in Q1 2014. 48% of the respondents opined that the economic situation in Russia had not changed (neutral opinion, against 50% in the previous quarter).

12% of the respondents expect their financial standing to improve over the next 12 months (no change against the previous quarter). The share of negative expectations decreased to 16% from 20%.

"AK&M", 08.07.2014 16:59


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