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GfK study:  Romanians expect lower unemployment and increase in incomes


 Romanians expect lower unemployment and increase in incomes as a result of economic growth, but they cannot afford valuable goods and expensive acquisitions, according to a study conducted by the research company GfK
In Romania, in Q2, overall economic outlook saw a minimum increase (+0.9 points), up to the level of 4.2 points in June. The indicator rose only slightly over the long-term average of 0 points. 

The reluctance to spend contrasts sharply with the sustained economic growth recorded in the past years, show the findings of GfK study "Consumer Climate in Europe," valid for Q2 2016. 

The GfK survey does not capture yet Brexit's effects, which will be seen in the Q3 wave. 

Romanians' revenue-related expectations decreased slightly in Q2, by 3 points, to 18.5 points. However, this indicator remains at a quite good level. Predilection for consumption in June was 3.4 points (-0.1 points) also only slightly above the long term average. Unconsumed income and savings are still unsatisfactory, but the income is sufficient to cover daily expenses. 

Romanian consumers cannot afford yet valuable goods and expensive acquisitions. GfK representatives say that, during the year, they expect, an increase by 15 points though. In April, the indicator reached the highest level since August 2008, by 5 points. 

The conclusions of the GfK Consumer Climate in Europe survey resulted from a consumer survey conducted for the European Commission in all EU countries. Each month, over 40,000 people are interviewed in 28 countries.