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Consumer mood hits 8-year low in Ukraine

20/11/2008

The economic crisis has hit consumer confidence in Ukraine with a vengeance. In October 2008, this was reflected in a 26.6pp drop in the Consumer Confidence Index (CCI) to 69.3, which indicates an exceptionally pessimistic mood among the majority of Ukrainian consumers. The last time the CCI was this low was at the very beginning of such surveys in Ukraine, that is in Summer–Fall 2000, more than eight years ago. Moreover, this is the first time in the history of these reports that the survey recorded such an enormous drop in the consumer mood.

CONSUMER MOOD HITS 8-YEAR LOW IN UKRAINE

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