The consumer confidence index in Russia fell to -14 in the third quarter of 2018 from -8 in the previous period, reaching the lowest reading since the second quarter of 2017. There were declines in expectations regarding the country's economic situation (-11 from 2) and households' personal finances (-6 from -2). Also, the subindex measuring favorable conditions for large purchases dropped to -26 percent from -22 percent and the gauge measuring favorable conditions for savings decreased to -35 percent from -33 percent. Consumer Confidence in Russia averaged -14.62 Index Points from 1998 until 2018, 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 -6.00 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 -4.00 Index Points in 2020, according to our econometric models.