Consumers still mostly pessimistic

Consumers still mostly pessimistic

Greek consumers appear pessimistic about the future of the national economy and their own personal finances, according to a survey by the Association of Business and Retail Sales of Greece (SELPE).

Consumers expect their disposable income to decline further due to the pandemic, leading to more conservative consumer behavior and further losses for retail commerce, which is already reeling, as well as food service and tourism.

The retail consumer confidence level in December 2020 came to minus 39 points, with only 12% of respondents expecting the country’s economy to improve over the next six to nine months, and an even lower 8% anticipating any improvement in their personal finances.

The survey, conducted with the assistance of ELTRUN, the online commerce laboratory of the Athens University of Economics and Business, also found that more than two in three consumers (70%) spend over 80% of their disposable income every month, and a 9% share of respondents said they spend more than their entire monthly income, which according to the researchers means that they borrow in order to cover their needs

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.