Russian consumer confidence index fall
According to Nielsen research, Russian consumer confidence plunged to an eight year-low in the final quarter of 2008.
The Nielsen survey said the consumer confidence index fell to 88
in the final three months of last year, down sharply from 104 in the
previous period.
A third of Russians feel their personal financial situation
worsened during the fourth quarter, the consumer confidence data
showed. Going forward, around 40 percent reckon things will not
change, while a quarter say they will get worse.
Russians don't save on bred, milk, washpowder or cigarettes, but
people buy less mineral water, meat, beer or cake.
Related news
Related news
Retail traffic and residential consumption may slowly recover
The development of retail sales and the recovery of household…
Read more >We are over 2 million returned bottles, but there are still problems
Since the beginning of the year, metal, plastic and glass…
Read more >In Austria, inflation slowed down in June
In accordance with the preliminary estimate, the annual growth of…
Read more >