Consumption mood in the EU improved hardly

Public spending growth slowed down in the third quarter in the European Union (EU). According to the survey of the Visa Europe; the nearly half billion inhabitants of the union spent only 1.2 percent more than a year ago.

In the member states, facing the biggest problems like Greece and Ireland, the population spent less money than a year earlier, however, consumer spendings improved in the largest members of the union like France and Britain and in the relatively vigorously growing eastern states, primarily in Hungary, in Poland and in the Czech Republic – reports ProfitLine.hu.