Economic Expectations for Europe Strongly Influenced by Greek Crisis

Nuremberg, Germany (ots/PRNewswire) -

Results of GfK Consumer Climate Europe for the second quarter of
2015

The lengthy negotiations between Greece and its creditors have
clearly influenced the mood of consumers in most European countries
in the second quarter of this year. Particularly in Eastern European
countries, however, the crisis between Russia and the Ukraine is also
playing a major role. Nevertheless, the GfK Consumer Climate EU28 has
increased by 1 point overall since March, to 10.8 points. These are
results for the GfK Consumer Climate for Europe from 15 European
countries.

(Photo: http://photos.prnewswire.com/prnh/20150710/234911 )

The Greek crisis largely set the mood for European consumers in
the second quarter of this year, and the economic expectations in
several individual countries has stagnated or decreased as a result.
At the time of the poll, which was carried out in the first two weeks
of June, the negotiations between Greece and its creditors had
increasingly come to a head. The recent climax (the projected failure
of the negotiations, potential closure of Greek banks, the referendum
and then the last minute agreed deal) is therefore not reflected in
this survey. It is assumed that the mood of the people in Europe,
primarily within the Monetary Union, may deteriorate even more
significantly over the summer, depending on the Greek outcome. This
applies, in particular, to countries like Germany, Italy, France, and
Spain, which either bear a high share of Greece's debts or are also
struggling with a difficult economic situation.

The developments of the income expectations as well as the
propensity to buy vary among the different countries.
Country-specific influences in the second quarter were stronger here
than the possible effects of Greece's exit from the European Monetary
Union. Nevertheless, the GfK Consumer Climate EU28 has increased by 1
point overall since March to 10.8 for the second quarter.

More information

For more information and full results for all countries, please
visit http://www.gfk.com or contact press@gfk.com.

About the study

The results of the GfK Consumer Climate Europe are taken from the
consumer poll that is conducted on behalf of the EU Commission in all
countries of the European Union. Approximately 40,000 persons are
surveyed in the 28 countries every month. These respondents are
representative of the adult population of the EU.

Press contact

Ursula Fleischmann, PR
+49-911-395-4440
press@gfk.com

Stefan Gerhardt, Global PR
+49-911-395-4440
press@gfk.com

Photo:
http://photos.prnewswire.com/prnh/20150710/234911

ots Originaltext: GfK SE
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