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Nielsen: Romania, among European countries with the highest increase in consumer confidence this year

Romania’s consumer confidence index continued to rise in the second quarter this year as its economy improves, says the market insight firm Nielsen.

Thus, Consumer Confidence Index score for Romania increased by 15 points to 101 in the April – June quarter of 2017, compared to Q4 of 2016, the company shows in a statement. Thus, Romania is one of the European countries with the highest increase in this indicator in the last two quarters, according to the study.

Increased confidence in Romania is due to a 16 percent jump in the number of respondents who believe that their job prospects are good or excellent, from 35 percent in Q4 last year to 51 percent in Q2 2017.

Moreover, the confidence in personal finance increased by 12 percent (up to 70 percent), while 12 percent more respondents (up to 45 percent) consider that the next 12 months are a good time to buy the things they want.

For the quarter, the survey was conducted between May 20 and June 10, 2017.

In Eastern Europe, the consumer index also improved in Slovenia (74, up 11 points), Estonia (83, up 11 points), Bulgaria (85, up 10 points), Latvia (up 10 points to 78), Hungary (70, up 6 points) and Ukraine (57 points).

Consumer confidence has risen in 41 of the 63 markets measured in Nielsen’s consumer confidence index since the close of last year. In the second quarter of 2017, the global index had risen by three points since the end of 2016.

Europe posted its ninth straight quarter of increased confidence, with 22 of the 33 countries recording higher sentiment than at the end of 2016.

According to Nielsen, the global confidence score increased because a greater proportion of consumers feel more positively about three key metrics: job prospects, the state of their personal finances, and the belief that now is a good time to buy the things they want and need. 

 

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