Ready to make radical changes in their buying habits in response to disruptions in the supply chain, but also to rising inflation, say consumers, especially those facing problems related to the distribution and availability of products. The above results from PwC’s Global Consumer Insights Survey conducted on a sample of 9,069 consumers from 25 different […]
Tag: consumption
Alpha Bank: Consumption, investment and energy shock
Alpha Bank talks about a new scenario in the course of the Greek economy in 2022 and the following years as the European Central Bank launches the tightening of its policy in the weekly Bulletin of Economic Developments that it published today. According to the bank, the announcements of ELSTAT for the economic growth rate […]
Greeks ‘cut’ their markets due to insufficient income
By George Lampiris Reduction of consumption from 7 to 10 Greeks is reflected in basic necessities but also in clothing-footwear, entertainment, travel and holidays, according to a nationwide survey by Focus Bari. More specifically, 75% has reduced electricity consumption, 73% in the supermarket, 70% in fuel, 69% in food-beverages, 56% in clothing-footwear but also in […]
SELPE Survey: Deterioration of the consumer climate – Low expectations for the next 6 months
The 5th study to record consumer trends in retail was completed by the Greek Business & Retail Association through the six-month retail consumer climate research carried out with the scientific support of the ELTRUN laboratory of the Athens University of Economics and Business. The survey took place in December 2021 through a Panhellenic Survey on […]
Six out of ten consumers will spend less during the Christmas period than in 2020
The significant change that occurred in the buying habits of the consumer public in the last year and the great effect of inflationary pressures on disposable income and consequently on the retail market in Greece is demonstrated by a survey conducted by the Hellenic Business & Retail Association. The research was implemented with the scientific […]
Eurostat: In 2020, household consumption in the EU decreased by 8% compared to 2019
Household consumption expenditure in the EU in 2020 recorded an unprecedented decrease, by 8%, compared to 2019, according to Eurostat data released today. According to Eurostat, this decrease is due to the effects of the COVID-19 pandemic and in particular to social distance measures, travel restrictions and non-core economic activities that have seriously affected household […]
Core price index of personal consumption expenditure remains at 3.6% in August
The personal income and spending report, along with inflation figures, was not far from analysts’ expectations. The income personal registered a rise of 0.2%, below the 0.3% expected, while the personal expense it climbed 0.8%, surpassing the estimated 0.6%. Regarding the underlying price index of personal consumption expenditure, which is considered by the Federal Reserve, […]
We will seek to meet fiscal targets and increase the minimum wage – Suga
Japanese Prime Minister Yoshihide Suga said Wednesday that your government will seek to achieve fiscal objectives, including achieving a primary surplus. The government will also work to increase the national average minimum wage to JPY1,000 an hour (about $ 9) soon, Prime Minister Suga added. Market reaction The USD/JPY it was not affected by the […]
Consum pays a new ‘covid premium’ to its employees for the pandemic and increases their salary by 1%
The supermarket cooperative Consum has decided to reward with a new ‘Covid premium’ of 300 euros on average per person to its workers in stores and logistics platforms in order to compensate the dedication and effort made throughout 2020 due to the pandemic. This premium, company sources have reported, represents an amount of more than […]
Telefónica’s smart business to save energy: 20% less in stores like those of Cortefiel
The energy savings from the application of artificial intelligence can be quantified. Telefónica figures up to 20% of the energy that the Cortefiel group has stopped using thanks to the use of IoT solutions for companies in 37 stores in Madrid and Andalusia. Through Telefónica Empresas, the operator provides services to manage both the […]