Consumer goods and vacations are the first expenses that households have reduced due to the increases
Consumers positively evaluate the government’s measures and announcements for the price increases, with 50% of the participants in a survey of the Athens Chamber of Commerce to consider that they are in the right direction, although most of them consider that other measures are needed.
However, consumer goods and holidays are the first household spending cuts due to increases with one in five appearing to have reduced the consumer goods market and almost one in two states that he will take reduced vacations this yearmainly due to financial difficulties
These are the results of a new Pulse RC investigation on his behalf Athens Chamber of Commerce held in Attica, from 22 to 24 June and highlights the difficulties faced by households and businesses due to the wave of accuracy.
As stated by the president of the chamber, Giannis Chatzitheodosiou, on the occasion of the results of the research: economy.
And the new large semi-annual survey of the general population of the Attica Region, by Pulse RC in collaboration and on behalf of the Athens Chamber of Commerce, reveals important data.
So we see that his concern continues private sector for the future, about six out of ten respondents notice that the largest percentage of price increases are in energy, there is a reduction in consumption, even in basic goods for one in five, while more than half say they will take a reduced vacation this year , mainly due to financial difficulties. It is also noteworthy that 42% of respondents believe that the measures taken by the government are moving in the wrong direction.
All of the above means for us at the ESA that we need to see the implementation of other policies and move from bonuses to tax cuts, such as the VAT on fuel and VAT to keep prices on basic goods.
“The situation in the economy and entrepreneurship is at a critical point and if we want households and businesses to resolutely support the battle they are fighting, then we must change the policy mix that has been applied to date.”
The research findings
Specifically, from the semi-annual survey of the general population of the Attica Region, by Pulse RC in collaboration and on behalf of the Athens Chamber of Commerce, the following findings and conclusions are highlighted:
– The private sector (employees and the self-employed) show a similar picture to the previous October survey in the index of concern for the future and the viability of their work, in the next six months: 48% are worried (out of 51%) – 42% are not worried (from 43%). In the field of professionals and businesses, however, the concern has grown significantly: 60% are worried (from 53%) – 29% are not worried (from 32%).
– A similar picture is reflected in the index of optimism / pessimism for the Greek economy, in all the inhabitants of the Attica Region. To the question how they face the course of the Greek economy in the coming months, they answer: 31% optimistic (from 40%) – 68% pessimistic (from 58%)!
The results of current affairs questions are also interesting:
– Energy (electricity, fuel, heating) with almost six out of ten participants and with three out of ten, for basic goods (food, food, drinks, super market) to be the two categories of expenses that are most problematic today (up to “almost exclusively “, Since the other categories record single-digit percentages) Greek households. It is noted that the rate of concern for energy is almost double that of basic goods.
– In energy, most (six out of ten) have noticed the highest rate of price increase and here are the basic goods.
– Consumer goods (clothes, shoes, electrical appliances) and -almost equal- energy are the two categories of expenses that have mainly reduced, in recent months, consumers. Close to the above is the percentage of those (one in five) who have limited basic goods. Slightly lower are those who have made cuts in entertainment, recreation, travel.
– Approximately similar percentages are found in the answers of professionals / entrepreneurs.
– Although the mood for vacation, after almost two years of pandemic and health restrictions, is definitely increased in all of us, only 36% of participants say they will spend the same (up and down compared to last year) days for this summer vacation – only 4% answer: “more”. More than half will spend reduced days on their holidays this year: three out of ten (29%) will have fewer days off and one in four (25%) will not have any. The picture is similar for the self-employed.
– The main reason that the days of this summer vacation will be reduced are the financial difficulties (for three out of four). Similar percentages, with those of the general population, are reflected in entrepreneurs / professionals.
– However, the assessment of the government’s measures and announcements to support consumers against price increases is positive: 50% of participants find them in the right direction (most of them, however, think they need more), compared to 42 % who think they are moving in the wrong direction.
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