Optimistic consumers

Germany has a 16-percent share in Hungary’s total food export– in January-October 2016 its value was EUR 1.04 billion, 3 percent more than in the same period of 2015. From Hungary’s five big export markets the consumer confidence index was the highest, 96 points in the 2nd quarter of 2016 (the European average was 79 points). In the 3rd quarter the German index reached the 100-point optimism threshold.

From the three components of the index one is job prospects, and in Europe the highest proportion of consumers, 61 percent was optimistic about them in Germany – the European average was 32 percent in the 3rd quarter of 2016. What is more, it was also in Germany that the proportion of consumers who had changed their spending habits to save money was the smallest, 32 percent.