Russia's consumer confidence index rose to -13 in the third quarter of 2019 from -15 in the previous period, due to an improvement in expectations over the next 12 months regarding the economy (-9 vs -10 in Q2) and financial situation (-5 vs -6). Also, consumers felt less pessimistic about making large purchases (-25 vs -26). Consumer Confidence in Russia averaged -14.65 Index Points from 1998 until 2019, reaching an all time high of 1 Index Points in the third quarter of 2008 and a record low of -59 Index Points in the fourth quarter of 1998. source: Federal State Statistics Service

Consumer Confidence in Russia is expected to be -12.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Russia to stand at -6.00 in 12 months time. In the long-term, the Russia Consumer Confidence is projected to trend around -7.00 Index Points in 2020, according to our econometric models.

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Russia Consumer Confidence
Actual Previous Highest Lowest Dates Unit Frequency
-13.00 -15.00 1.00 -59.00 1998 - 2019 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-01-17 01:00 PM Q4 -17 -14 -10
2019-04-04 02:00 PM Q1 -16 -17 -22
2019-07-08 01:00 PM Q2 -15 -16 -17
2019-10-04 01:10 PM Q3 -13 -15 -16
2020-01-17 01:00 PM Q4 -13 -12


News Stream
Russia Consumer Morale Improves Slightly in Q2 2019-07-08
Russia's consumer confidence index edged up to -15 in the second quarter of 2019 from a near two-year low of -16 in the previous period due to an improvement in expectations over the next 12 months regarding the economy (-10 vs -11 in Q1) and financial situation (-6 vs -7). Also, consumers felt less pessimistic about making large purchases (-26 vs -29).

Russia Consumer Morale Improves Slightly from 2-Year Low 2019-04-04
Russia's consumer confidence index edged up to -16 in the first quarter of 2019 from a two-year low of -17 in the previous period due to an improvement in expectations over the next 12 months regarding the economy (-11 vs -13 in Q4) and financial situation (-7 vs -10). Still, consumers felt more pessimistic about making large purchases (-29 vs -25).

Russia Consumer Morale Weakens to 2-Year Low 2019-01-17
Russia's consumer confidence index declined to -17 in the fourth quarter of 2018 from -14 in the previous three-month period. It was the lowest reading since the last quarter of 2016 amid a deterioration in expectations over the next 12 months regarding the economy (-13 vs -11 in Q3) and financial situation (-10 vs -6). In addition, there was also a decline in the current assessment regarding the economy over the past year (-21 vs -16) and households' personal finances (-14 vs -12). Still, consumers felt less pessimistic about making large purchases (-25 vs -26).


Russia Consumer Confidence
In Russia, the Consumer Confidence Overall Index is based on a survey of 5,000 people aged 16+ leaving in all regions of the country. The index is an arithmetical average of 5 indices: the change in the respondent's personal financial situation over the last 12 months and next 12 months, the change in the country's economic situation over the last year and in the next 12 months, and the current climate for durable goods purchase. The index shows the difference between the percentage share of persons that are optimistic and the percentage of persons that are pessimistic. It takes a value between -100 (all respondents asses their situation as poor and expect it to become worse) and 100 (all participants are satisfied with the current situation and expect it to improve); 0 indicates neutrality.

Russia Consumer Last Previous Highest Lowest Unit
Consumer Confidence -13.00 -15.00 1.00 -59.00 points [+]
Retail Sales MoM 0.50 1.40 23.20 -33.30 percent [+]
Retail Sales YoY 2.30 1.70 18.80 -16.00 percent [+]
Consumer Spending 12755.60 11903.70 13576.00 2546.70 RUB Billion [+]
Consumer Credit 17159763.00 17011405.00 17159763.00 1578632.00 RUB Million [+]
Private Sector Credit 46728048.00 46353271.00 46728048.00 6179836.00 RUB Million [+]
Bank Lending Rate 8.17 8.28 449.40 7.90 percent [+]
Gasoline Prices 0.73 0.72 1.00 0.28 USD/Liter [+]
Households Debt To GDP 18.10 17.50 18.10 0.60 percent of GDP [+]
Consumer Confidence Economic Expectations -3.00 -4.00 9.00 -39.00 [+]