According to a GFK Romania survey, 2014 was the best year since the onset of the crisis in what concerns the Romanians’ confidence in the financial and economic outlook. The general index measured by the Consumer Confidence Barometer compiled by GfK for the European Commission has reached an annual average of -28.6.
An increasing number of Romanians look with confidence on 2015, a third of them expecting the economy to do better and only 20 per cent expecting it to do worse.
“It is for the first time in seven years when the percentage of those confident in the country’s economic future surpasses that of those lacking confidence in it, which leads us to expect a rise in the index measured by GfK in 2015 too. The end of an intense elections year, but also the outlook on the global economy’s recovery, determines Romanians to hope for a better future,” GfK Romania Director General Andi Dumitrescu stated.
In December 2014 the perception on the inflation rate’s evolution in the past year was better than the one registered in the same month the year before. Almost 4 in 10 Romanians believe prices were higher compared to the year before, compared to 67 per cent who believed the same in the last month of 2013.
The outlook on unemployment is better than in previous years. In 2014 the pessimists’ average stood at 58 per cent, compared to 66 per cent in 2013 and 63 per cent in 2012.
The attitude toward saving is relatively constant – just as in December 2013, only 20 per cent of Romanians believe this is a good period to save, while 59 per cent state that their revenues barely make ends meet. At the same time however, the percentage of those who state they have debts registers a slight drop, standing at 16 per cent, down from 19 per cent in December 2013 and 2012.
The information comes from the Consumer Confidence Index, a survey co-financed by the European Commission and conducted every month by GfK Romania. The data are representative for Romania’s 15+ age groups, the sample consisting of 1,000 persons.
Present on the local market since 1992, GfK Romania has been, for over 12 years, the number 1 market research institute, having a turnover of EUR 19.2 M in 2013. GfK Romania’s activities are structured into two sectors – Consumer Choices and Consumer Experiences.