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view of Lukashenko, compared to about 60% for Merkel, according to a poll of 3,000 respondents conducted by the Rating Sociological Group.
The Consumer Confidence Index (CCI) equals 68.5 in August, which is 1.8 points higher than in July (the values of indices can vary from 0 to 200), according to the data provided by Info Sapiens. "There are no significant changes observed in the Consumer Confidence in August. All the indices are stable with a weak tendency to improvement," Info Sapiens analysts said. According to the study, Index of the Current Situation (ICS) is stable and equals 62.5, which is 1.8 p. higher than previous month. The components of this index have changed as follows: Index of Current Personal Financial Standing equals 50.8, which is 2.4 points higher than the indicator in July; Index of Propensity to Consume insignificantly increased by 1.2 p. and reached the indicator of 74.2. In August, Index of Economic Expectations (ІЕE) has changed insignificantly to the level of 72.5. The components of this index have changed as follows: Index of Expected Changes in Personal Financial Standing decreased insignificantly by 1.0 points comparing to the previous month and equals 74.4; Index of Expectations of the Country's Economic Development Over the Next Year increased by 2.8 points and equals 60.0; Index of Expectations of the Country's Economic Development over the Next 5 Years slightly increased to the level of 83.0, which is 3.3 points higher than in July.
3.0 Macro Economy
Business cycle indicators
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
Real GDP, chg yoy
2.3%
-14.8%
4.1%
5.2%
0.2%
0.0%
-6.6%
-9.8%
2.3%
2.5%
3.3%
2.70%
Household consumption, chg yoy
11.8%
-14.9%
7.1%
15.7%
8.4%
6.9%
-8.3%
-20.7%
1.8%
7.8%
8.9%
4.90%
Investments in fixed capital, chg yoy
1.6%
-50.5%
3.9%
7.1%
5.0%
-6.7%
-24.0%
-9.2%
20.1%
18.2%
14.3%
7.00%
Industrial output, chg yoy
-5.2%
-21.9%
11.2%
8.0%
-0.7%
-4.3%
-10.1%
-13.0%
2.8%
0.4%
1.1%
2.50%
Nominal GDP, UAH bln
948
913
1,079
1,300
1,405
1,465
1,587
1,989
2,383
2,983
3,559
4,021
Nominal GDP, USD bln
180
117
136
163
176
183
134
91
93
112
131
146
GDP per capita, USD
3,891
2,550
2,972
3,580
3,865
4,030
3,117
2,134
2,193
2,638
3,077
3,336
CPI (eop)
22.3%
12.3%
9.1%
4.6%
-0.2%
0.5%
24.9%
43.3%
12.4%
13.7%
9.8%
7.10%
CPI average
25.2%
15.9%
9.4%
8.0%
0.6%
-0.3%
12.1%
48.7%
13.9%
14.4%
10.90 %
8.20%
Unemployment (ILO methodology, avg)
6.9%
9.6%
8.9%
8.7%
8.2%
7.8%
9.7%
9.5%
9.7%
9.9%
9.1%
8.00%
Source: SP Advisors
3.1 Macroeconomic overview
The fall in the gross domestic product (GDP) of Ukraine in April-June 2020 amounted to 11.4% compared to the same period in 2019, the State Statistics Service said on September 18, confirming its preliminary assessment published in the middle of August.
The drop in GDP in the first quarter of 2020 was 1.3%, while in the fourth quarter of 2019 there was an increase of 1.5%; in the third GDP grew by 3.9%, in the second by 4.7% and in the first quarter by 2.9%.
19 UKRAINE Country Report October 2020 www.intellinews.com