Deutsche Börse analysts: Russians increasingly worse off because of Ukraine | EmergingMarkets.me

Deutsche Börse analysts: Russians increasingly worse off because of Ukraine | EmergingMarkets.me:



"A Deutsche Börse-owned research company says consumer sentiment in Russia has been going down steadily since the start of the year because of the Ukraine crisis, and that a survey taken last month showed a further decline.



Household finances, short-term business conditions and the spending climate in Russia are all affected by developments in the neighbouring country and their international fallout, German bourse-owned MNI Indicators argues, predicting inevitable further economic woes in Russia this year.



Consumer confidence edged down by a further 0.7% from March to April, according to MNI Indicators, which bases its calculations on monthly surveys. This was the third consecutive monthly fall and left optimism almost 11% down since the start of 2014, the firm said in a report.



Each survey is based on a minimum of 1,000 telephone interviews in cities across Russia, with each interviewee selected randomly by a computer."



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