The Consumer Confidence Index. February 2024

According to the quarterly household monitoring data, the Consumer Confidence Index ⎯ along with its components ⎯ increased significantly and amounted to -3.6% (according to the Rosstat methodology) in February 2024.

  • The Consumer Confidence Index (CCI) has improved significantly in Q1-2024.
  • The Consumer Confidence Index (according to the Rosstat methodology) was -4% (+6 p.p. compared to autumn 2023) in February 2024.
  • The Consumer Confidence Index, excluding the component of the current state of the economy (according to the Eurostat methodology), was -3% (+6 p.p.), while its average value was significantly lower in the EU in Q1-2024: -16%.
  • There is a positive trend in estimating the economic situation in the country.
  • The share of respondents reporting an income decrease remained the same (rather low level): –32%.
  • The share of respondents reporting a job loss over the past two weeks remained at 2%.
  • The share of respondents reporting that someone they knew lost his/her job continued the trend of the previous survey wave and amounted to 14%.