Russia Consumer Confidence Q2 2018


Russia: Consumer confidence unchanged in Q2

July 5, 2018

The consumer confidence indicator published by the Federal Statistics Service (Rosstat) was unchanged in Q2, coming in at Q1’s minus 8 points. Q1’s reading had marked the best result since Q3 2014. However, the index remains firmly entrenched below the 0-threshold, which indicates that pessimists outnumber optimists.

According to the survey, households were slightly more optimistic about the future economic situation in Russia, however, assessed their current personal financial situation less optimistically.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 3.7% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect private consumption to increase 2.7%.


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Russia Consumer Confidence Chart

Russia Consumer Confidence Q2  2018

Note: Consumer Confidence Index. Values above 0 indicate an optimistic outlook while values below 0 indicate a pessimistic outlook.
Source: Federal State Statistics Service (Rosstat).

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