CCI is on the rise. Over the summer, the Consumer Confidence Index (CCI) oscillated around the new, higher level achieved in June. By September 2023, the CCI had increased by 1.8 index points, from -21.3 in August to -19.5 in September.

Rise in CCI. The Consumer Confidence Index experienced an increase of 3.4 index points – from -24.1 in May to -20.7 in June. This is the highest mark the CCI has reached since the pandemic struck in March 2020. The month-on-month (MoM) positive shift was mostly driven by an increase in consumer expectations about the future economic situation.

No major shifts in overall May CCI. The Consumer Confidence Index (CCI) decreased marginally from -24 in April to -24.1 in May, largely maintaining the new level it had reached in April. The two sub-indices of the CCI each moved in opposite directions: the Present Situation Index declined by 1 index point, while the Expectations Index rose by 0.6 points.

Consumer confidence on the rise. The CCI has increased by 4.8 index points, from -28.8 in March to -24 in April.

Geostat has released its rapid estimate of real GDP growth for February 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January-February 2023 reached 7.1%.