Home Economy Entrepreneurs and youth fell into consumer pessimism // Poll Monitoring

Entrepreneurs and youth fell into consumer pessimism // Poll Monitoring

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Consumer sentiment and expectations in Russia are at their highest since May 2018, the Central Bank said yesterday. Savings moods worsened somewhat (in July, more than 70% of respondents polled by order of the Central Bank could not put anything aside). At the same time, the share of the population that prefers to buy expensive goods increased over the month to 29% (by two percentage points) Рthis is explained not only by low deposit rates and an increase in loans (consumer lending, according to the Central Bank, in June increased by 0.2 % after a three-month decline), but also by the strengthening of the ruble and the realization of pent-up demand with the arrival of the first goods of parallel imports. worsened (and their expectations are rising). Entrepreneurs experienced the biggest failure in July Рthe share of those who reported income growth in this group fell from 14% in the second quarter (and 18% in the first) to 7% in July….

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