BNP Paribas’s consumer finance
subsidiary Cetelem has released its 21st annual consumer spending
survey, the Observatoire Cetelem, a survey of 8,000 people in
Germany, Belgium, Spain, France, Hungary, Italy, Poland, Portugal,
the Czech Republic, UK, Russia and Slovakia.
Though economic sentiment remains low in most
European countries, respondents to the survey were slightly more
optimistic about 2010, with an average score of 4.5 out of 10 given
for the overall future outlook in the various countries, compared
to 4.2 last year.
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With the exception of Belgium, which has
remained stable year on year, all the other countries have recorded
a rise in their mood scores.
According to the report, a trend for prudent
saving seems to be emerging in many countries with over one in
three Europeans (34 percent) stating they intend to save more,
compared to 22 percent in the 2009 survey.
This is most marked in Southern European
countries such as Spain, Portugal and Italy, while in Russia
savings intentions soared from 22 percent last year to 63
percent.
Spending intentions for 2010 fell significantly year-on-year in
Germany, Italy and Spain, remained flat in central Europe and rose
in Hungary, Czech Republic and Slovakia.
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