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October 4, 2022

GfK: Romanians expect gradual economic growth

Consumers are becoming increasingly optimistic, as happens every time during election campaigns, being of the opinion that in the following months they will benefit from economic growth, the results of the GfK Consumer Climate Europe survey show.
According to the GfK survey, expectations concerning incomes have already risen far above the long-term average, standing at 5.3 points. Romanian consumers thus expect a slight growth in salaries and tariffs. In June the indicator reached a high of 6.5 points, the highest level since November 2008. These positive developments also favored the willingness to purchase. The indicator stood at -6.9 points in September, which marks a 7-point growth in the third quarter. The indicator grew by approximately 14 points compared to its value last year.
“European consumers are not as optimistic as they were in June in what concerns the future. In the last three months expectations concerning the state of the economy have dropped in almost all countries in which the survey is taking place, with some areas registering substantial drops. The upward trend shown by the expectations concerning income and the willingness to purchase seems to have also disappeared in many countries. The GfK consumer climate index for EU-28 currently stands at 4.2 points, down from 9.1 points in the previously quarter,” the GfK Consumer Climate Europe survey shows.
The results of the GfK Consumer Climate Europe survey are based on a consumer survey ordered by the European Commission and conducted in all European Union member states. 40,000 persons representing the adult population in the 28 EU states are queried every month.

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