Consumer Demand Continues to be Muted – Christmas Sales Expected to Grow

Michael Wüger
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WIFO Monatsberichte (monthly reports), 2005, vol. 78, issue 12, pages 821-833

Abstract: In the euro zone, private households were markedly more cautions in their propensity to consume during the downturn phase of 2001-2003 than they were during the slump of 1992-1994. Accordingly, consumption gave much less of a boost to economic activity, a development which can be ascribed to the low confidence level on the part of consumers faced with high unemployment, a gap between their perception of inflation and actual figures, restrictions in public finances and pension systems, and the associated reforms and how they are seen by private households.

Keywords: Privater; Konsum; Weihnachtsgeschäft; Einzelhandel; Sparen (search for similar items in EconPapers)
Date: 2005

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