BRUCHSAL: Purchasing power levels are rising in Europe, despite the challenging conditions currently observable in many countries across the region.<\/p>\n
Research firm GFK reported that shoppers from 42 markets boasted a combined \u20ac7.9bn ($10.8bn; \u00a36.8bn) with which to buy consumer goods in 2010.<\/p>\n
This constituted a 2.1% improvement on 2009, and equated to \u20ac11,945 per person covering all the nations featured in the analysis.<\/p>\n
While arguing such an increase could represent the “beginning of a recovery” from the financial crisis, the company also suggested affluent economies were struggling for growth.<\/p>\n
“There are \u2026 no major shifts in the purchasing power levels of the wealthier countries evaluated by the study, with the exception of Sweden,” it said.<\/p>\n
“Here per capita purchasing power rose significantly due to the revised 2009 figures and 2010 exchange rate fluctuations.”<\/p>\n
Germany, France and Italy retained the top three places in the annual rankings, according to GfK’s estimates.<\/p>\n
However, although the last of these nations recorded a total of \u20ac985.5bn, its per capita score of \u20ac16,333 fell in the middle of the pack, and people living in Milan typically carry 21% more fiscal muscle than those in Rome.<\/p>\n
The Baltic states suffered particularly heavily during the downturn, and Estonia was the leading player in this area, albeit with a median amount of just \u20ac4,938.<\/p>\n
Staying in Eastern Europe, Slovenia overtook Portugal and registered an individual budget of \u20ac10,045, making it the most successful of the recent additions to the European Union.<\/p>\n
Elsewhere, residents of Moldova, Ukraine and Belarus generally enjoyed less than one-third of the standard expenditure.<\/p>\n
Among the markets witnessing favourable trends was Finland, posting a 3.2% uptick to \u20ac17,500, a figure that considerably greater in Helsinki and its environs.<\/p>\n
Turkey also strengthened its position in the recession, to \u20ac5,107, but 28% of domestic disposable income is concentrated around Istanbul, which has a purchasing power density 14 times higher than Ankara.<\/p>\n
Data sourced from GfK; additional content by Warc staff, 22 November 2010<\/p>\n
via Purchasing power rises in Europe – Warc News – Warc.<\/p>\n","protected":false},"excerpt":{"rendered":"
BRUCHSAL: Purchasing power levels are rising in Europe, despite the challenging conditions currently observable in many countries across the region. Research firm GFK reported that shoppers from 42 markets boasted a combined \u20ac7.9bn ($10.8bn; \u00a36.8bn) with which to buy consumer goods in 2010. This constituted a 2.1% improvement on 2009, and equated to \u20ac11,945 per […]<\/p>\n","protected":false},"author":83,"featured_media":66059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846],"tags":[4485],"class_list":["post-26489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-purchasing-power"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/26489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=26489"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/26489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/66059"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=26489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=26489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=26489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}