Household monitoring data indicate that the Consumer Confidence Index, together with its components, continues to recover after a significant decline at the beginning of the war.
- 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 -16.6% in March 2023: it increased by 2.8 percentage points (p.p.) compared to
November 2022 and by 8.2 p.p. compared to April 2022. - The value of the Consumer Confidence Index, excluding the component of the current
state of the economy (by the Eurostat methodology) increased from -15.0% in
November 2022 to -13.3% in March 2023, which moved Belarus to 7th position in the
ranking among European countries. - Respondents assess the current state of the country’s economy the worst: 56% believe
that the economic situation has worsened. - The share of respondents who reported their decreased income over the past month
in March 2023 did not change much: it was 39%. - The share of those who lost their jobs in the last two weeks lowered to 3.7%, but the
job loss rate among their friends and acquaintances was 20.2%, i.e. it was higher than
the average value in previous waves.