Russia's consumer confidence index was held steady at -13 in the fourth quarter of 2019, due to unchanged expectations over the next 12 months regarding the economy (at -9) and financial situation (at -5). Meanwhile, consumers felt less pessimistic about making large purchases (-24 vs -25) and their ability to save also improved slightly (-34 vs -35). Consumer Confidence in Russia averaged -14.63 points from 1998 until 2019, reaching an all time high of 1 points in the third quarter of 2008 and a record low of -59 points in the fourth quarter of 1998. source: Federal State Statistics Service
Consumer Confidence in Russia is expected to be -8.00 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 -7.00 in 12 months time. In the long-term, the Russia Consumer Confidence is projected to trend around -7.00 points in 2020, according to our econometric models.