Greek consumers remain among the most pessimistic in Europe, as confidence
Greek consumers remain among the most pessimistic in Europe, as confidence weakened further in October amid concerns over rising prices and deteriorating household finances, according to new data from the Foundation for Economic and Industrial Research (IOBE).
The consumer confidence index dropped to –47.6 points in October, from –45.6 the previous month—its lowest level in the European Union. By comparison, Estonia and Romania followed at –30.7 and –30.5, while the EU average stood at –13.5 and the eurozone at –14.2.
Households Struggle to Make Ends Meet
Around 60% of Greek households say they are barely getting by, while 9% report relying on their savings to cover basic needs. Only about one in four say they manage to save anything, and 7% admit to being in debt.
When asked about their financial situation over the past year, 65% said it had worsened, while just 2% saw any improvement. Looking ahead, 58% expect things to get worse in the next 12 months, up from 54% in September.
Inflation Fears Persist
The majority of households—64%—expect prices to continue rising at the same or faster pace, pushing the price expectations index up to +36 points from +34.7 in September. The comparable EU and
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