Romanians have higher economic expectations

Newsroom 25/02/2015 | 11:31

Romanians’ economic expectations increased from -17 points in the first half of 2014 to 17.7 points in December, shows a GfK survey on consumption climate in Europe.

According to Gkf, Romanian consumers have higher expectations related to the wage level, from -8.9 points in December 2013 to -0.7 in June 2014. Over the second half of the past year, the indicator significantly consolidated its position, becoming positive. In December, the indicator was 15.7 points, going up to the highest value registered since October 2008. This did not have a significant impact on the consumers’ desire to buy. The indicator stood negative over the whole year. The lowest value, -14 points, was registered in June, the indicator reaching the highest value, -3.8 points, in December.

In terms of wage level, 6.5 percent of the Romanian consumers need their whole income for day to day expenses. For the moment, they do not afford major shopping, also reads the GfK survey.

Across Europe, consumers’ pulse has improved over the last quarter of 2014. The indicators for expectations related to the situation of economy and incomes, as well as the desire to buy, increased late last year in most of the EU member states. Consumption climate for EU 28 also increased by 1.3 points in Q4, ending the year at 5.5 points.

The GfK survey was conducted in all 28 EU member states at the European Commission command.