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Ukrainian consumer sentiment rose for the first time in months

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The current situation index rose to 53.8 points, which is 2.9 higher than the level of this indicator in June.

In July, the Ukrainian Consumer Sentiment Index increased by 7.3 points to 70.1. Growth in indicators occurred for the first time in recent months, according to research data from Info Sapiens.

In particular, in July the Current Situation Index increased and reached 53.8 points, which is 2.9 higher than the level of this indicator in June. The components of this index have undergone the following changes:

  • The index of the current personal financial situation increased by 1.8 and 49;

  • The suitability index of large purchases increased by 4.1 and 58.6.

At the same time, the Index of Economic Expectations in July increased by 7.3 points to 80.9. In particular, the Index of expected changes in the personal financial situation is 75.2, which is 5.5 higher than the level of this indicator in June.

The index of the country’s expected economic development next year increased by 9.8 to 65.9; The index of the expected development of the country’s economy in the next five years increased by 6.5 points compared to last month and reached 101.6.

In July, the Index of Expected Unemployment Dynamics increased by 0.7 and reached 125 points. The inflation expectations index remained at the level of the previous month. The index of devaluation expectations rose by 2.8 to 169.8.

“After many months of decline in all the main indicators of consumer confidence, we see a trend towards recovery in July 2024. In July, we see a significant increase in both consumer sentiment and a more positive assessment of the expected in the economy,” the report said.

It was previously reported that a third of families in Ukraine (32%) have only enough money for food – it is difficult to buy clothes.

In June, 37% of Ukrainians assessed the level of well-being of their own family as bad, 47% – as neither bad or good, 14% – as good.

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Source: korrespondent

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