Russia: Consumer confidence improves in Q3
October 6, 2017
The consumer confidence indicator published by the Federal Statistics Service (Rosstat) registered a sixth consecutive period of improvement in Q3 2017, rising to minus 11 points from minus 14 points in Q2 2017. Despite the advance, the index remains firmly entrenched below the 0-threshold, which indicates that pessimists outnumber optimists.
According to the survey, households evaluated the country’s current economic situation less negatively and they were notably more optimistic about the country’s economic prospects in the coming year. Moreover, consumers were less pessimistic regarding both their financial standing and their ability to make major purchases.