MNI Russia Consumer Indicator Falls to 94.1 in February from 99.3 in January Sochi Olympics Fails to Lift Consumer Sentiment

1. Insight and data for better decisions
MNI Russia Consumer Indicator Falls to 94.1 in
February from 99.3 in January
Sochi Olympics Fails to Lift Consumer Sentiment
The MNI Russia Consumer Indicator declined to the
lowest level since the survey started in March 2013,
led by a sharp fall in consumers’ views about the
current state of their personal finances, with not even
the winter games able to boost sentiment.
The Consumer Indicator declined 5.2% on the month
to 94.1 in February from 99.3 in January. Asked
specifically about the impact of the Olympics, over
70% of respondents said that the games would not
be successful in boosting Russia’s economic growth.
Consumers were dissatisfied with both their current
conditions and future expectations. The Current
Indicator fell by 3.3% on the month to 98.6 from a
record high of 102.0 in January. The Expectations
Indicator saw a larger decline of 6.5% falling to 91.2
in February from 97.5 in January.
Concerns over inflation worsened as the number of
respondents who expected prices to rise in a year’s
time increased, taking the Inflation Expectations
Indicator to a series high. Consumers’ expectations
for interest rates on car and home loans also rose
sharply, having remained stable for the previous three
months.
proportion of respondents blaming poor economic
development and social stability.
Commenting on the latest survey, Philip Uglow, Chief
Economist at MNI Indicators said, “Last month’s preSochi rise in consumer sentiment was short-lived
with confidence falling sharply in February.”
“Concerns over prices intensified this month with the
sharp decline in the rouble adding to inflationary
pressures. Since the survey was taken, the situation
in Ukraine has intensified and Russia has been
thrown into economic chaos. It’s difficult to see
confidence going anywhere but down next month as
well.”
For more information, please contact:
Customer Support
support@mni-indicators.com
+44 (0)20 7862 7444
Perceptions about both current and future business
conditions declined considerably with a rising
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 - February 2014
Overview
Dec-13
Jan-14
Feb-14
Highest
Since
Lowest
Since
3-Month
Average
Monthly
Change
Monthly %
Change
MNI Russia Consumer Indicator
95.7
99.3
94.1
-
series low
96.4
-5.2
-5.2%
Current Indicator
95.7
102.0
98.6
-
Dec-13
98.8
-3.4
-3.3%
Expectations Indicator
95.7
97.5
91.2
-
series low
94.8
-6.3
-6.5%
Personal Finance: Current
92.5
99.3
87.3
-
series low
93.0
-12.0
-12.1%
Personal Finance: Expected
101.9
101.2
96.3
-
series low
99.8
-4.9
-4.8%
Business Condition: 1 Year
94.4
95.1
87.8
-
series low
92.4
-7.3
-7.7%
Business Condition: 5 Year
90.8
96.4
89.4
-
Nov-13
92.2
-7.0
-7.2%
Durable Buying Conditions
98.9
104.7
109.9
series high
-
104.5
5.2
5.0%
Current Business Conditions Indicator
94.9
100.3
97.5
-
Dec-13
97.6
-2.8
-2.8%
106.9
112.1
111.4
-
Dec-13
110.1
-0.7
-0.6%
Car Purchase Indicator
81.0
83.3
88.3
Aug-13
-
84.2
5.0
6.0%
Employment Outlook Indicator
98.2
87.2
86.5
-
series low
90.6
-0.7
-0.8%
Inflation Expectations Indicator
138.2
136.9
140.9
series high
-
138.7
4.0
2.9%
Current Prices Satisfaction Indicator
71.8
69.4
74.4
Oct-13
-
71.9
5.0
7.2%
Interest Rates Expectations Indicator
114.9
115.9
122.6
May-13
-
117.8
6.7
5.8%
Real Estate Investment Indicator
MNI Russia Consumer Indicator
102
100
98
96
94
92
90
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.
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