The consumer confidence index weakened again in October, according to the Foundation
The consumer confidence index weakened again in October, according to the Foundation for Economic and Industrial Research (IOBE), falling to -47.6 points from -45.6 in September.
The report reveals that Greek consumers remain the most pessimistic in the European Union, far behind Estonia (-30.7) and Romania (-30.5).
Surprisingly, and in contrast to consumer confidence, the intention for major purchases increased, although savings sentiment weakened slightly. At the other end of the spectrum, Malta (+4.3) once again ranked as the most optimistic country for the fourth time in 2025, as its positive score indicates consumer confidence. The average consumer confidence indices stood at -13.5 in the EU and -14.2 in the Eurozone.
Consumers’ negative assessments of their household’s financial situation over the past 12 months worsened slightly to -50.1 (from -49.9). About 65% of households reported a mild or noticeable deterioration in their finances, while only 2% said they experienced a small improvement. Comparable figures for the EU and Eurozone were -10.8 points.
Consumers’ expectations for their household finances over the next 12 months became even more pessimistic in October, with the index dropping to -44.2 (from -39.8). About 58% of households expect a mild or significant deterioration (up from 54%),
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