Home / BUSINESS / NEWS / Romanians, most pessimistic in Europe about economic prospects, survey says
Confidence in the Romanian economy declined in July for the second month in a row

Romanians, most pessimistic in Europe about economic prospects, survey says

Romanians view the economic prospects of the country with more pessimism than anyone else in Europe, according to GfK’s Consumer Confidence Study for Europe for the second quarter of 2018.

Economic forecasts among Romanian consumers continued to decline in Q2. With -22.2 points in June, the indicator fell by 5.6 points against March. This is the lowest level recorded since April 2012. Romanians view the economic prospects of their own country with more pessimism than anywhere else in Europe.

Earnings expectation has fallen too. With -0.1 points in June and the indicator fell by 4.2 points as compared to March, reaching its lowest level since June 2014.

Instead, the purchasing propensity improved slightly. It rose by 4 points, reaching 1.3 points in June, compared to March. In the first quarter of 2018, in Romania, the propensity to buy also had a negative value.

The consumer sentiment in the 28 EU countries improved slightly in the second quarter of 2018. In June, it reached 23.2 points, up by 2.6 points against March. It is the highest level since November 2017 to date. The average purchasing propensity in the EU declined slightly, although the propensity for savings also declined, with more money available for consumption, the study reads.

 

About Victor Lupu