OREANDA-NEWS. Sberbank Investment Research, the research department of Sberbank CIB, is publishing its twelfth survey of the pan-Russian consumer, the Sberbank CIB Ivanov Consumer Confidence Tracker, which monitors consumer spending, savings and confidence trends across the country.

The twelfth tracker shows a meaningful recovery in the consumer confidence index from -22% in 1Q15 to -14% last quarter, as Ivanovs' most gloomy expectations did not materialize, while diminished concerns about the exchange rate and inflation contributed to improved perception of the current economic environment.