The MNI Russia Consumer Indicator increased for the second consecutive month in January to the highest level since October, partially fuelled by the upcoming Sochi Winter Olympics. The Consumer Indicator rose to 99.3 in January from 95.7 in December, close to the breakeven 100 level which separates weakness from strength.

1. Insight and data for better decisions
MNI Russia Consumer Indicator Rises to 99.3 in
January from 95.7 in December
Sentiment Up Ahead of Sochi Olympics
The MNI Russia Consumer Indicator increased for
the second consecutive month in January to the
highest level since October, partially fuelled by the
upcoming Sochi Winter Olympics.
The Consumer Indicator rose to 99.3 in January from
95.7 in December, close to the breakeven 100 level
which separates weakness from strength.
Consumers were more optimistic about their current
conditions than future expectations, with the Current
Indicator rising to the highest level since the series
began in March 2013. The increase was led by an
improvement in both personal finances and
consumer’s propensity to buy a large household
durable. The Expectations Indicator increased more
moderately, led by a rise in optimism for longer term
business conditions.
In spite of the pick-up in confidence and the recent
fall in inflation, consumers concerns over the price
level worsened in January and their expectations for
inflation in a year‘s time remained at a high level.
Most respondents continued to expect that prices
would rise between 11-24% in a year’s time.
Commenting on the data, Chief Economist of MNI
Indicators, Philip Uglow said, “Consumer confidence
bounced back significantly following a weakening in
the past two months. It is likely, though, that with all
eyes on Russia, sentiment was given a short-term
boost by the Sochi Olympics.”
“Concerns over prices and employment remain, with
the latter worsening significantly. Up to now, the
labour market has come through the downturn
unscathed, but a worsening in our sister Russia
business survey and increasing reports of large
layoffs in some parts of the country suggest this
could change.”
For more information, please contact:
Customer Support
support@mni-indicators.com
+44 (0)20 7862 7444
They were even more concerned about the
employment situation with sentiment about the
outlook for jobs hitting a record low in January.
Copyright© 2014 MNI Indicators | Deutsche Börse Group
Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved.

2. MNI Indicators - January 2014
Overview
Nov-13
Dec-13
Jan-14
Highest
Since
Lowest
Since
3-Month
Average
Monthly
Change
Monthly %
Change
MNI Russia Consumer Indicator
94.8
95.7
99.3
Oct-13
-
96.6
3.6
3.8%
Current Indicator
94.3
95.7
102.0
series high
-
97.3
6.3
6.6%
Expectations Indicator
95.1
95.7
97.5
Oct-13
-
96.1
1.8
1.9%
Personal Finance: Current
92.0
92.5
99.3
Aug-13
-
94.6
6.8
7.4%
Personal Finance: Expected
101.7
101.9
101.2
-
Oct-13
101.6
-0.7
-0.8%
Business Condition: 1 Year
94.9
94.4
95.1
Oct-13
-
94.8
0.7
0.7%
Business Condition: 5 Year
88.7
90.8
96.4
Aug-13
-
91.9
5.6
6.2%
Durable Buying Conditions
96.6
98.9
104.7
Oct-13
-
100.1
5.8
5.9%
Current Business Conditions Indicator
97.4
94.9
100.3
series high
-
97.6
5.4
5.7%
110.5
106.9
112.1
Oct-13
-
109.9
5.2
4.9%
Car Purchase Indicator
81.9
81.0
83.3
Oct-13
-
82.1
2.3
2.9%
Employment Outlook Indicator
98.1
98.2
87.2
-
series low
94.5
-11.0
-11.2%
Inflation Expectations Indicator
136.8
138.2
136.9
-
Nov-13
137.3
-1.3
-0.9%
Current Prices Satisfaction Indicator
73.5
71.8
69.4
-
series low
71.5
-2.4
-3.3%
Interest Rates Expectations Indicator
115.5
114.9
115.9
May-13
-
115.5
1.0
0.8%
Real Estate Investment Indicator
MNI Russia Consumer Indicator
102
100
98
96
94
92
Mar-13
May-13
Jul-13
Sep-13
Nov-13
Jan-14
Copyright© 2014 MNI Indicators | Deutsche Börse Group
Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved.
2