7 Jul 2010 13:36

Consumer confidence in Russia up for fifth quarter running

MOSCOW. July 7 (Interfax) - Consumer confidence in Russia, which plummeted to a ten-year low in the first quarter of 2009, rose for the fifth quarter in succession in Q2 2010, the Federal State Statistics Service (Rosstat) said.

Results for Q2 2010 point to "sustained improvement" in consumer sentiment, the agency said.

The agency's Consumer Confidence Index, based on a survey of 5,000 adults throughout Russia - grew 3 percentage points in Q2 2010 to negative 7%. The index had grown 10 pp in Q1 2010, 5 pp in Q4 2009, 7 pp in Q3 2009 and 3% in Q2 2009, when it was 32%.

Positive tendencies were seen for all components of the index, with the index for short-term expectations about the economy rising 4 pp in Q2 2010 to positive 5%, the index of past changes in the economy up 12 pp to negative 6% and the index of expected changes in personal finances rising 4 pp to positive 0.3%.