Russia: Confidence among Russian consumers wanes somewhat in Q3
October 8, 2014
The consumer confidence index published by the Federal State Statistics Service (Rosstat) inched down from minus 6.0% in the second quarter to minus 7.0% in the third quarter.
According to Rosstat, all the components of the index fell in the third quarter. Consumers were less optimistic regarding the future economic situation of the country. Their perceptions of the current situation in the economy also deteriorated. Regarding households’ personal circumstances, they were slightly more upbeat regarding their current financial situation, although they were more pessimistic about their future financial conditions. Moreover, respondents to the third quarter survey did not change their assessments regarding the potential purchase of big-ticket items.
Author: Ricardo Aceves, Senior Economist