Russia: Consumer confidence unchanged in fourth quarter
January 13, 2012
The consumer confidence index, published by the Federal State Statistics Service (Rosstat), was unchanged in the fourth quarter at Q3's minus 7.0%, which nonetheless marked an improvement over the minus 10.0% recorded in the same period of 2010. Respondents' to the survey expressed a more positive outlook on the current situation of the economy and improved expectations regarding the developments going forward. On a negative note, though, prospects for large purchases fell by 1.0 percentage points compared to the previous quarter.
Author: Armando Ciccarelli, Head of Data Solutions