We present a new issue of the analytical bulletin “The Consumer Confidence Index” within the project Belarus Economy Monitor.
- Recovery of the Consumer Confidence Index has stalled.
- The value of the Consumer Confidence Index (according to the Rosstat methodology) was -9.95% in October 2023: it increased by 0.2 percentage points (p.p.) versus June 2023 and by 6.7 p.p. versus March 2023.
- The value of the Consumer Confidence Index, excluding the component of the current state of the economy (the Eurostat methodology) was -8.5% (a 0.3 p.p. increase), while the average value among the EU countries was significantly lower for the past quarter: -19.8%.
- Respondents assess the current state of the country’s economy the worst: 39% believe that the economic situation has worsened.
- The share of respondents who reported an income decrease over the last month in October 2023 reached another low and amounted to 30.7%.
- The share of those who lost their jobs in the last two weeks lowered to 2.1%.
- The share of respondents reporting a job lost by someone they knew turned out to be the smallest among all survey waves: 11.4%.