The consumer confidence index in Russia in the first quarter of 2015 reached its historically minimal value in 72 points, similar to the figure for the same period in 2009, the research company Nielsen said in a statement. Every fifth Russian citizen does not have free funds, every third transfers money to savings, while a record low number of consumers are ready to make purchases.
According to the respondents, the locomotive of such a rapid decline in consumer confidence was the deteriorating prospects of the domestic labor market: 74% did not expect positive changes in their own employment in the coming year. Back in the third quarter of 2014, 42% of respondents spoke about good prospects in the labor market in the coming year, today there are only 17%. About 60% of Russian consumers believe that their financial condition in the next six months will not be very good or bad, only 21% of respondents said that the current moment is favorable for purchases of goods that they want or need to purchase. In comparison, in the first quarter of 2009 there were 27% of such.