Russia: Consumer confidence shows mild improvement in Q4
January 18, 2017
The consumer confidence indicator published by the Federal Statistics Service (Rosstat) registered a mild improvement in the final quarter of 2016, edging up to minus 18 points from minus 19 points in Q3. Despite the advance, the index remains firmly entrenched below the 0-threshold, which indicates that pessimists outnumber optimists.
Rosstat commented that the gradual improvement in households’ morale reflects their more optimistic opinions about both the country’s economic prospects and expectations of their own financial situations. According to the survey, the likelihood of consumers purchasing big-ticket items was unchanged relative to the previous period. Negativity among consumers persists about the current state of the economy.
Author: Ricardo Aceves, Senior Economist