The Greek consumer confidence index was 84 points in the fourth quarter of 2019, very close to the European average index of 86 points, Nielsen said in its “Conference Board Global Consumer Confidence” survey released on Tuesday. The Nielsen Global Consumer Confidence Index measures the confidence, major concerns and spending habits of online consumers in 54 countries on the half-annual basis.
The survey showed that the three factors, on which the index is based, remained stable in the fourth quarter, with a 42% of Greeks expecting their personal finances to improve in the next 12 months.
More and more Greeks believe that the country will be able to exit the economic crisis in the next 12 months (31%, up from 14% in the same period in 2018), while 70% of Greeks believe that the country remains in an economic crisis (unchanged from the fourth quarter of 2018).
Along with Spain, Greece ranks first in labor insecurity, with 25% of Greeks concerned about their work.
In addition, 24% were concerned over their personal health and 22% for the economy (around the same levels with the European averages), followed by concerns over household debt (20%) and immigration (19%).
The percentage of Greeks cutting their household expenses fell to 62% from 71% in 2018, while a 53% of Greeks preferred to buy cheaper consumer products (58% in 2018).
Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. If the consumer has confidence in the immediate and near future economy and his/her personal finance, then the consumer will spend more than save.
The Nielsen Global Consumer Confidence Index measures the confidence, major concerns and spending habits of online consumers in 54 countries on the half-annual basis. The Index is developed based on consumers’ confidence in the job market, status of their personal finances and readiness to spend. It is produced by the Nielsen Company (Nielsen Customized Research) from its Nielsen Global Online Consumer Survey.
I suppose if you only ask those in the upper 10% of the society, theyll tell you everything is just peachy.
the rest of us are too busy working to be answering their ‘surveys’ if they even bother asking us at all.