Thus, Romanians have a much more positive outlook for the future than 12 months ago, as the indicator was still at 3.3 points a year ago.
“Income expectations in Romania underscore this positive trend as they rose sharply to 33.7 points at the end of the quarter. This is the highest value recorded since the country was first included in the consumer climate study in May 2001. Thanks to a steady fall in unemployment in recent years, Romanian consumers are expecting higher incomes,” GFK study shows.
Romanian consumers are prepared to make larger purchases that go beyond their daily needs, as the propensity to buy value recorded at the end of March, of 16.4 points, has been the highest since September 2006.
Among European consumers, the positive mood continued into the first quarter of 2017. After registering the highest level since January 2008 at the end of December 2016, the consumer climate for the 28 EU countries further climbed by two points to 19.9 points in January 2017, before settling at a level of 18.9 in March.
Market research institute GfK has over 13,000 research experts providing studies in more than 100 countries.