Consumer trust slightly improves but Romanians still pessimistic about country's economic future
Opinions and expectations on personal financial evolution in the next 12 months are split. Around 40 percent believe revenue will stay the same, while 37 percent expect it to drop. There were only slight improvements in this area this year.
“Romanians continue to be careful with their money. Even though indicators about inflation and trust in the stability of jobs show an increasing level of optimism, numbers on availability to save haven't got better compared to last year,” said Andi Dumitrescu, general manager of GfK Romania.
The vast majority of Romanians believe this is not the best time to save money – 8 out of 10, while a whopping 84 percent don't think they will put money aside in the coming 12 months.
Concerning perception of inflation, around three quarters of the population believe prices were higher in February this year compared to the same month of 2010. Around 67 percent expect prices to go up during this year at the same pace as they have so far. All these have an impact on the intention to buy long term consumer goods: only one in ten Romanians shows willingness to do so in the next 12 months.
The Consumer Trust Barometer survey, co-financed by the European Commission and created monthly by GfK Romania includes data from 1,000 people interviewed every month.
editor@romania-insider.com
(photo source: Sxc.hu)