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New Survey: 86% of Consumers in Hungary are Reducing Spending

• 5 May 2023 7:10 AM
• Hungary Matters

Fully 86% of Hungarian consumers are cutting back on spending, according to an EY consultants survey conducted in January and February.

Fully 79% of respondents said their choice of what to purchase was based mainly on its price in the case of all products.

Consumers are maintaining spending on food, medicine and communication services but are spending less on household appliances, clothing and travel, while 77% are fixing broken possessions rather than buying new ones.

MTI Photo: Zsolt Szigetvári

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Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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