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The evolution of household consumption in the context of COVID-19

The evolution of household consumption in the context of COVID-19

In the first quarter of the year, as a result of the panic caused by the COVID-19 pandemic, household spending on consumer goods increased by almost 14% compared to the same period last year

After more than 2 months of pandemic, in which all the plans for the beginning of the year were put on hold or acquired a new contour, we are all - from consumers to businesses - in the stage in which we begin to adapt to new normalcy. What started as a health crisis has now become a major economic challenge, with visible effects on the behavior of Romanian consumers.

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For more information, please see the Romanian version of the article, here.

 

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GFK CONSUMER PANELS & SERVICES