We present a new issue of the analytical bulletin “The Consumer Confidence Index” within the project Belarus Economy Monitor.
- The Consumer Confidence Index (CCI) continues to recover despite the ongoing war and sweeping sanctions imposed on Belarus and its largest trading partner Russia.
- The value of the Consumer Confidence Index (according to the Rosstat methodology) was -10.2% in June 2023: it increased by 6.4 percentage points (p.p.) compared to March 2023 and by 9.2 p.p. compared to November 2022.
- The value of the Consumer Confidence Index, excluding the component of the current state of the economy (under the Eurostat methodology) increased from – 13.3% in March 2023 to -8.2% in June 2023, which moved Belarus to the 6th position in the index among European countries.
- Respondents assess the current state of the country’s economy the worst: 44% believe that the economic situation has worsened.
- The share of respondents who reported their decreased income over the past month in June 2023 reached its historic low throughout all survey waves (since December 2021): it was 32.6%.
- The share of those who lost their jobs over the past two weeks dropped to 3.3%, but the rate of job loss among friends and acquaintances was still high: 17.7%.
- The value of the Consumer Confidence Index (according to the Rosstat methodology) was -10.2% in June 2023: it increased by 6.4 percentage points (p.p.) compared to March 2023 and by 9.2 p.p.