Nielsen: Consumers buy less in third quarter

European consumers are not very courageous and experimental at the moment, due to the strange situations in economy. Besides Hungary, 12 more countries sold less food, cosmetical products in the third quarter than in the second one. The Hungaran recotd shows a minus of 2 percent.

Consumers’ biggest concerns for the next six months continue to be things that affect their personal finances and household budgets. ‘Increasing utility bills’ is the number one concern, followed closely by ‘the economy’, and ‘increasing fuel prices’. In response to rising costs, 71 per cent of people say they have changed their shopping habits to try to save on household expenses, with 65 per cent of those switching to cheaper grocery brands.