Russia's consumer confidence index rose to -13 in the third quarter of 2019 from -15 in the previous period, due to an improvement in expectations over the next 12 months regarding the economy (-9 vs -10 in Q2) and financial situation (-5 vs -6). Also, consumers felt less pessimistic about making large purchases (-25 vs -26). Consumer Confidence in Russia averaged -14.65 Index Points from 1998 until 2019, reaching an all time high of 1 Index Points in the third quarter of 2008 and a record low of -59 Index Points in the fourth quarter of 1998.
Consumer Confidence in Russia is expected to be -12.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Russia to stand at -6.00 in 12 months time. In the long-term, the Russia Consumer Confidence is projected to trend around -7.00 Index Points in 2020, according to our econometric models.