Greek consumer confidence index up in the second quarter, Nielsen survey says

The Greek consumer confidence index rose to 72 points in the second quarter of 2019, up two points from the previous survey but remaining significantly lower than the European average index of 87 points, Nielsen said on Monday, citing its The Conference Board Global Consumer Confidence Index survey.

The survey said that 71 pct of Greeks believed that the country was in economic recession while 63 pct doubted whether Greece will manage to exit the crisis within the next 12 months. Greece ranked 7th among European countries in labour insecurity, with 34 pct of Greeks worried over the economy, followed by concerns over employment (32 pct) and personal health (22 pct). Twenty pct of Greeks were concerned over household debt, while 70 pct were steadily trying to cut household spending.