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). Consumer Confidence in Russia averaged -14.65 Index Points from 1998 until 2018, 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.
Consumer Confidence in Russia is expected to be -22.00 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 -12.00 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.