OREANDA-NEWS. February 2013 was marked by the negative dynamics of the consumer confidence of Ukrainians. The Consumer Confidence Index (CCI) is 83.7 p., which is 1.2 p. lower than in January. In February, the Ukrainians finally responded to the change of factors that determine their welfare. Index of Inflationary Expectations dropped to the level of June 2010, the devaluation expectations dropped to the level of August 2012, while the Employment Expectations rose to its 2012 spring level. It is proved by the data of the consumer confidence survey in Ukraine, which is conducted by GfK Ukraine on a monthly basis.

In February 2013, the Consumer Confidence Index (CCI) decreased by 1.2 p. to 83.7.

Index of Current Situation is 82.4, which is 0.6 p. lower than in January 2013.

The components of this index changed in the following way:
Index of Current Personal Financial Standing (х1) lost 4.7 p. to 80.1;
Index of Propensity to Consume (х5) gained 3.5 p. up to 84.7.

Economic Expectations of the Population decreased by 1.6 p. and reached 84.5. The components of this index changed in the following way:
Index of Expected Changes in Personal Financial Standing (х2) lost 2.1 p. to 97;
Index of Expected Economic Conditions in the Country over the Next Year (х3) is 74.6, which is 4.3 p. lower than in January;
Index of Expected Economic Conditions in the Country over the Next Five Years (х4) improved by 1.6 p. to 82.

In February, the expectations of the Ukrainians regarding the unemployment dynamics once again deteriorated: the respective index is 136.3; it is 4.6 p. higher than in January. However, there were improvements in Inflationary Expectations: the respective index is 179.9; which is 3.8 p. lower than in January. At the same time, the Ukrainians are more optimistic regarding the exchange rate of hryvnia over the next three months: index of devaluation expectations lost 4.4 p. to 135.

The following key trends were observed in February:
The Ukrainians finally responded to the change of factors that determine their welfare. In February, the Index of Inflationary Expectations dropped to the level of June 2010, Devaluation Expectations decreased to the August 2012 level, while the Employment Expectations rose to the level of spring 2012.
Economic Expectations over the Next Year remain the worst among all the components of the Consumer Confidence Index.

‘Zero inflation and the reduction of devaluation threat did not improve the consumer confidence of the Ukrainians. The economic downfall made the people more concerned about unemployment threat’, as the GfK Ukraine analysts comment.