Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Consumer Confidence Index Went Down
May 23, 2016 11:36


The Russian consumer confidence index calculated by the Nielsen Company renewed its historical minimum in the first quarter of 2016, falling down to 63 points (in the first quarter of 2015 it made up 72 points). This is the lowest value over all 11 years of observations. It is reported by “Kommersant”.

The record minimum value - 82 percent - was reached by the share of Russians with free money left after expenditures on basic needs and other payments. In the crisis of 2009 this share was equal to 93-96 percent. At the beginning of 2016 our compatriots having free money spent it on new clothes (36 percent), vacation (31 percent) and transferred it into savings (31 percent as well).

76 percent of Russians tend to save. In early 2015 55 percent of respondents abandoned expenditures on entertainment, now there are 59 percent of them. 61 percent of respondents refused from new clothes (55 percent of respondents gave this answer a year earlier), 45 percent postponed the purchase of electronics (43 percent in 2015). The majority of the population (52 percent) admitted that they were switching to cheaper foods (last year there were 48 percent of them).

“Exhaustion – this is the word that can describe the state of Russian consumers today” - the Director for Work with Global Customers of “Nielsen Russia” Marina Lapenkova noted. The Associate Professor of the Department of Economic Sociology of HSE Dilyara Ibrahimova points out that the current picture of consumer activity is different from the crisis of 2008-2009 in its more lingering pessimistic mood.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Online Map of Segregated Waste Recycling Points Goes Live in Moscow Residents Of Moscow Order Food To Home And Buy Sweaters The Consumer Mood of Russians has Improved Most Russians Believe that it is Necessary to Keep Money in the Bank Food Show Christmas

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Film Festival  Dolls  Okean Elzy  oil prices  Voronezh   Mikhail Khodorkovsky  Krasnoyarsk  Ivan the Terrible  disappearing jobs in Russia  Victor Pelevin  Exhibitions in Moscow  Quantum Physics  Russia-EU relations  Diving  Russian history  Russian Literature  Mariinsky theatre  Architecture Monuments  Sergei Ursuliak  Architecture of St. Petersburg  Chelyabinsk meteorite  Selenginsk  ElectroMuseum  Museums of Russia  Russian business  Russian tourism  Museum Night  migrants in Russia  Raevsky Redoub  profit  Russian subway  Russian Cinema  Show Business  Dima Yakovlev Law  Colourization   corruption  US sanctions  Painting  Petersburg  Suzdal  music  Moscow  Moscow cosmetic factory Svoboda  Russian exhibitions  Mercedes-Benz Fashion Week Russia  Russian airlines  Fires  Archeology  Russian Avant-Garde  The International Siberian Cultural Tourism Forum 

Travel Blogs
Top Traveling Sites