Ukrainians are preparing for unemployment and hryvnia devaluation
In August, devaluation expectations of Ukrainians increased significantly, a PolitNavigator correspondent reports.
This is evidenced by data from a study of consumer sentiment of Ukrainians conducted by GfK Ukraine.
“The consumer sentiment index continued its slight decline in August. Expectations regarding the development of the country’s economy in the coming year have worsened, which is accompanied by an increase in devaluation expectations,” analysts noted.
In particular, in August 2018, the consumer sentiment index was 60,3, which is 1,5 points less than last month.
The current situation index decreased by 1,1 points and amounted to 59,6. The components of this index have undergone the following changes:
– the index of current personal financial situation was 49,9, which is 3,7 points lower than the level of this index in July;
– the index of the appropriateness of large purchases increased by 1,5 points and settled at 69,4.
– The index of economic expectations in August decreased by 1,8 points to 60,8. The dynamics of the components of this index look like this:
– the index of expected changes in personal financial situation remained almost unchanged compared to last month and amounted to 60,1;
– the index of expected development of the country’s economy over the next year decreased by 6 points and amounted to 52,6;
the index of expected development of the country's economy over the next 5 years also did not undergo significant changes and amounted to 69,6 in August.
Ukrainians' expectations for unemployment worsened in August: the index of expected unemployment dynamics increased by 5,8 points and amounted to 133,6.
The inflation expectations index worsened slightly and amounted to 190, which is 2,4 points higher than last month.
Ukrainians' expectations regarding the hryvnia exchange rate over the next 3 months have worsened: the index of devaluation expectations rose by 16,7 points to a value of 170,9.
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