By KYIV. Nov 14 (Interfax-Ukraine) – The Consumer Confidence Index of Ukrainians fell by 2.4 points in October compared to September, to 83.6 points on a 200-point scale, all components of the indicator slightly decreased, according to a study by the Info Sapiens agency.
"Although a slight deterioration in all indicators can be observed in October (against the background of Russia’s attacks on the electricity infrastructure of Ukraine and their consequences), it is not statistically significant. Accordingly, we can observe the stability of consumer confidence indicators in October compared to September 2022, with a tendency for deterioration. The sentiments in November will probably depend on how much Ukraine can adapt and solve the problems with the electricity supply and, of course, on the general course of the war," it said.
"Index of the Current Situation decreased and equals 42.4, which is 2.8 p. lower than in September. The components of this index have changed as follows: Index of Current Personal Financial Standing (х1) equals 35.7, which is 1.3 points lower than the indicator in September; Index of Propensity to Consume (х5) decreased by 4.3 p. to the level 49," the report says.
"In October, Index of Economic Expectations decreased by 2.2 p. and equals 90.7. The components of this index have changed as follows: Index of Expected Changes in Personal Financial Standing (х2) equals 90.7, which is 6.4 points lower than in September; Index of Expectations of the Country’s Economic Development Over the Next Year (х3) in October equals 94.8, which is 0.9 points higher than in previous month; Index of Expectations of the Country’s Economic Development over the Next 5 Years (х4) decreased by 1.1 points compared to last month and equals 147.7 p.," it says.
"In October, the indicator of Index of Expectations of Changes in Unemployment has increased by 1.8 points and equals 130.7. Index of Inflationary Expectations increased by 4.7 point and equals 187.1 p. Expectations of Ukrainians regarding the hryvnia’s exchange rate in the coming three months have improved: Index of Devaluation Expectations decreased by 4.3 p. and equals 159.4.," the agency said.
In Ukraine, the Consumer Confidence Index is determined through a random survey of domestic households. During the poll, 1,000 people aged 16 and over are interviewed. The margin of error does not exceed 3.1%. Dates of the latest survey are October 12-21.
