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Turkey’s limp consumer confidence picked up from 6-year low in October

ANKARA: Turkey’s limp consumer confidence picked up from a six-year low in October, data showed on Oct. 22, but ratings agencies highlighted risks to economic growth from a Nov. 1 election that may produce no outright winner. Opinion polls suggest the Justice and Development Party (AKP), which has dominated politics for 13 years but lost its parliament majority in June, ... Read More »

Italy consumer morale falls more than expected amid Jobs Worries

ROME: Italian households’ confidence fell more than economists expected as consumers remain cautious about the economy’s ability to extend a recovery from its longest recession on record. The gauge declined in July to 106.5 from a revised 109.3 in June, the Rome-based national statistics agency Istat said on Tuesday. Economists predicted 109, according to the median of 11 estimates in ... Read More »

South African consumer price inflation rise to 4.7% YoY in June

CAPE TOWN: The upward march in consumer inflation decelerated in June thanks to slowing food and vehicle prices, but many economists do not expect this to prevent the Reserve Bank from hiking the repo rate at Thursday’s monetary policy committee (MPC) meeting. Headline consumer price inflation (CPI) rose to 4.7% year on year in June from 4.6% in May, below ... Read More »

South African consumer price inflation rise to 4.7% YoY in June

CAPE TOWN: The upward march in consumer inflation decelerated in June thanks to slowing food and vehicle prices, but many economists do not expect this to prevent the Reserve Bank from hiking the repo rate at Thursday’s monetary policy committee (MPC) meeting. Headline consumer price inflation (CPI) rose to 4.7% year on year in June from 4.6% in May, below ... Read More »

Italy consumer confidence in recession-hit Italy rises to 109.5 in June

ROME: Italy’s business and consumer confidence rose more than expected in June after last month’s fall, according to the latest data from national statistics office Istat. Consumer confidence in recession-hit Italy rose to 109.5 in June from an upwardly revised 106.0 in May. The economic, personal, current and future components all decreased, said Istat. The composite business confidence index increased ... Read More »

Polish Consumer prices in Poland fall 0.8% in July

WARSAW: Consumer prices in Poland fell 0.8% in June year on year, in line with what analysts expected, the country’s Central Statistical Office (GUS) said Wednesday. Prices fell 0.9% year on year in May. Month on month, June consumer prices stayed flat versus expectations for a 0.1% m/m increase. Read More »

Finland’s consumer prices declines by -0.1% in May

HELSINKI: The year-on-year change in consumer prices calculated by Statistics Finland was -0.1 per cent in June. The inflation stood at -0.0 per cent In May. The slight decline in inflation was influenced, for example, by decreases in the consumer prices of liquid fuels, housing loan interest rates, and subscriptions of periodicals from one year ago. Consumer prices were raised ... Read More »

Eurozone Consumer Confidence remain -5.6 in June amid Greece crises

ATHENS: Eurozone consumers appear undaunted by the threat of a Greek debt default and exit from the currency area, as the leading measure of confidence steadied in June following two straight months of decline. The European Commission said Monday the headline sentiment measure from its monthly sentiment survey was unchanged at minus 5.6 in June. The measure remains above the ... Read More »

UK consumer prices rise by 0.1% in 2015

LONDON: The UK’s brief bout of deflation ended in May, according to official statistics just released. Consumer prices rose by +0.1% in the year to May. Analysts had expected inflation to bounce back to +0.1%, after the UK recorded a -0.1% drop in April — the first decline for half a century. Economists were also expecting core inflation, which fell ... Read More »

Spanish consumer confidence increases 1.3 pts in May 2015

MADRID: The Spanish believe that the future is brighter for the economy and themselves Little by little the Spanish economic recovery appears to be gaining momentum, and as a consequence consumer confidence is now at its highest level since comparable data were first compiled. On a scale of 0 to 200 the latest figure measured in May by the country’s ... Read More »

Spanish consumer confidence increases 1.3 pts in May 2015

MADRID: The Spanish believe that the future is brighter for the economy and themselves Little by little the Spanish economic recovery appears to be gaining momentum, and as a consequence consumer confidence is now at its highest level since comparable data were first compiled. On a scale of 0 to 200 the latest figure measured in May by the country’s ... Read More »

Finland’s consumer confidence level improve by 15.5% in May 2015

HELSINKI: The statics Finland’s showed that the Consumers’ confidence in the economy improved further in May with the indicator at 15.5, which was 11.4 in April and 11.2 in March. The long-term average for the confidence indicator is 11.9, according to the data based on Statistics Finland’s Consumer Survey, for which 1,315 people resident in Finland were interviewed between 4 ... Read More »

German consumer confidence hits 13.5-year high

BERLIN: Consumer confidence in Germany is at its highest in 13.5 years, as the positive economic outlook and low inflation persuade consumers to open their purses, a poll found on Wednesday. “Very strong domestic demand in Germany and the low rate of inflation are fuelling economic expectations and consumers’ willingness to spend,” market research company GfK said in a statement. ... Read More »

UK consumer confidence hits pre-crisis levels of 2006

LONDON: UK consumers are at their most upbeat for nine years on the back of improving job prospects and low inflation, according to the latest report to suggest spending power is recovering. Consumer confidence rose for the fifth successive quarter in the opening months of this year to hit its highest level since the pre-crisis days of 2006, according to ... Read More »

Finnish consumer confidence level rises from 61% to 63, lower in Nordics in Q1 of 2015

HELSINKI: Finns are concerned about the economy and their own ability to cope with mounting bills, finds a study carried out recently by Nielsen. Unemployment, however, is not as big a concern in Finland as it is in the European Union on an average. Unemployment is either the biggest or second biggest concern for nearly one-fourth of people in the ... Read More »

Consumer loans up by 0.3% in April 2015

WARSAW: The value of consumer credits increased by 0.3 percent or PLN 454 million in April month-on-month and reached PLN 145.5 billion, the National Bank of Poland (NBP) announced on Friday. The value of such credits denominated in PLN increased by 0.5 percent m/m, while the value of consumer credits denominated in foreign currencies decreased by 2.8 percent m/m. Read More »

Finnish consumer confidence level rises from 61% to 63, lower in Nordics in Q1 of 2015

HELSINKI: Finns are concerned about the economy and their own ability to cope with mounting bills, finds a study carried out recently by Nielsen. Unemployment, however, is not as big a concern in Finland as it is in the European Union on an average. Unemployment is either the biggest or second biggest concern for nearly one-fourth of people in the ... Read More »

Portugal’s consumer association calls €20 airport taxi flat rates a brutal

LISBON: The Association of Consumers of Portugal (ACOP) said on Tuesday it was “completely against” a single fare for taxis at airports, adding that the increase was “brutal”. ACOP said in a communiqué released today that the agreement for the airport taxis was illegal since consumer associations “have the right to participate in price regulation processes”. Taxi association ANTRAL is ... Read More »

Hungarian sales of consumer electronics, home appliance up 11% in Q1-2015

BUDAPEST: Sales of durable consumer electronics and appliances increased by 11.1% in the first quarter of 2015, as compared to the same period of 2014, market researcher GfK Hungária reported on Tuesday. Turnover growth was largely driven by sales of telecommunications products and large household appliances, GfK said. Sales of large household products were up 23.1% to HUF 18.6 bln ... Read More »

Portugal’s consumer association calls €20 airport taxi flat rates a brutal

LISBON: The Association of Consumers of Portugal (ACOP) said on Tuesday it was “completely against” a single fare for taxis at airports, adding that the increase was “brutal”. ACOP said in a communiqué released today that the agreement for the airport taxis was illegal since consumer associations “have the right to participate in price regulation processes”. Taxi association ANTRAL is ... Read More »