Page 27 - RusRPTFeb19

2.8 Russian business and consumer confidence
A mixed result for business confidence which fell one point in August to -3 after being steady at -2 for five months. The threat of new US sanctions are weighing on sentiment as it became clear in the summer that growth this year will be slower than expected.
The dip in confidence was also reflected in the manufacturing PMI which has fallen for the last two months.
Russia's consumer confidence index came in at -8 in the second quarter of 2018, unchanged from the previous three-month period and remaining at the highest level since the third quarter of 2014. There was an improvement in expectations regarding the country's economic situation (up 1 point to 2) while households' personal finances outlook was flat (at -2). Meanwhile, the index measuring changes in personal finances during the last 12 months was unchanged at -9; and the gauge of the Russian general economic performance over the past year decreased 1 point to -8. The Major Purchase index increased 1 point to -22. Consumer Confidence in Russia averaged -14.63 Index Points from 1998 until 2018, reaching an all time high of 1 Index Points
27 RUSSIA Country Report February 2019 www.intellinews.com