In June 2023, a drop in all components of the indicator of consumer sentiment of Ukrainians was recorded – from personal financial situation to the state of the country’s economy, from assessments of the current situation to expectations for the future.
About it informs research agency Info Sapiens, which has been conducting consumer sentiment assessments in Ukraine since 2019 (since 2000, the study has been conducted by GfK Ukraine, – ed.).
According to analysts, in June 2023, there was a more pessimistic assessment by the population of Ukraine of both the situation as of now and the future.
“A decrease in indicators for all components of the indicator is recorded – both the consumer sentiment index and the indices of the current situation and economic expectations have decreased. In general, there is a more pessimistic assessment by the population of Ukraine of both the situation as of now and the future,” Info analysts comment Sapiens.
According to the study, the Consumer Sentiment Index of Ukrainians decreased by 9.5 points and is 82.5 points. All components of the indicator have decreased.
The current position index has decreased and is 52.3, which is 6.1 points lower than the level of this indicator in May. The components of this index have undergone the following changes:
the index of the current personal financial situation (x1) amounted to 47.3, which is 3.1 percentage points lower than in May; the index of the expediency of large purchases (x5) decreased by 9 points and settled at 57.3 points.
The index of economic expectations in June decreased by 11.8 points and is 102.6 points. The dynamics of the components of this index looks like this:
the index of expected changes in personal financial situation (x2) is 96.4 points, which is 11.2 points lower than the level of this indicator in May; the index of the expected development of the country’s economy over the next year (x3) decreased by 14.1 points and amounts to 87.3 points; the index of the expected development of the country’s economy over the next 5 years (x4) decreased by 10.2 points compared to the previous month and amounts to 124.1 points.
In June, the indicator of the index of the expected dynamics of unemployment increased by 9.1 points and is 129.9 points.
The inflation expectations index increased by 8.3 points and stands at 182.3 points.
The expectations of Ukrainians regarding the hryvnia exchange rate deteriorated over the next 3 months: the index of devaluation expectations increased by 6.7 points and amounts to 138.6 points.
Reminder:
The consumer sentiment index in Ukraine is determined on the basis of a sample survey of households in the country. During the study, 1,000 people aged 16 and over are interviewed.
To determine the Consumer Price Index, respondents are asked the following questions:
How has your family’s financial situation changed in the last six months?
How do you think your family’s financial situation will change over the next six months? Speaking about the economic situation in the country as a whole, do you think that the next twelve months will be favorable or unfavorable for the country’s economy? How would you characterize the next five years as a favorable or unfavorable time for the country’s economy? Do you think now is a generally favorable or unfavorable time to make major home purchases?
For each of these questions, the corresponding index is determined:
index of the current personal financial situation (x1);
index of expected changes in personal financial situation (x2); index of expected development of the country’s economy over the next year (x3); index of expected development of the country’s economy over the next five years (x4); expediency index to make large purchases (x5).
2023-07-14 10:37:34
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