According to the quarterly household monitoring data, the Consumer Confidence Index — along with its components — slightly decreased and amounted to -4.8% (under the Rosstat methodology) in May 2024.
- The Consumer Confidence Index decreased by 1.2 percentage points (the Rosstat methodology) and was -4.8% in Q2-2024; however, it still exceeds the Russian CCI value.
- The value of the Consumer Confidence Index (the Eurostat methodology) was -3.6% (a 1.1 p.p. decline), while the average value among the EU countries was significantly lower in Q2-2024: -13.3%.
- There is a positive trend in assessing the economic situation in the country.
- The share of respondents reporting their income decline decreased by 6 percentage points and amounted to 26%, reaching another minimum value.
- Changes in foreign exchange rates are no longer the key reason for an income decline.
- Saving on food has ceased to be one of the main ways to withstand dropping incomes.
- The share of respondents reporting a job loss over the past two weeks remains at 2%.
- The share of respondents reporting that someone they knew lost his/her job increased slightly and amounted to 15% in Q2-2024.