Consumer sentiment in April reached its highest level of the “Memorandum period” after showing a rapid improvement relative to March. The relevant index climbed above 70 points, for the first time since August 2010.
Consumer sentiment in March climbed to its highest levels of the past 3½ years. Following a new marginal improvement, the relevant index appears to be stabilizing at nearly 65 points, for the first time since the signing of the Memorandum (5/2010).
Consumer sentiment remains for the second straight month at its highest levels since the summer of 2010. Significantly more positive expectations regarding personal financial situation and a fall in unemployment are the main reasons for the improved consumer climate since the beginning of the year.
Consumer sentiment stands at its highest levels since the summer of 2010, after rising significantly for the second straight month. However, the improvement recorded in January may be due, at least in part, to the seasonal variation of the relevant index.
Consumer confidence has returned to the levels of early 2013, rising slightly relative to the previous month. In general, the relevant index has shown little movement during the current year. The reverting of optimism about the future of the economy to the levels of last October is the most important development, relative to November. Also noteworthy is the improvement in expectations regarding the course of inflation.
Consumer confidence shows a marginal decline relative to October. The slight deterioration seen this month is due to a sharp downturn in citizens’ optimism about the future of the Greek economy. Generally speaking, the movement of the relevant index since the beginning of the current year leads to the conclusion that the recovery observed in January 2013 lacks sufficient momentum to further improve consumer sentiment.