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

  • 5 May 2023 7:10 AM
  • Hungary Matters
New Survey: 86% of Consumers in Hungary are Reducing Spending
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

  • How does this content make you feel?

XpatLoop Media Partner

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.

  • Generation Z Splurges on Valentine's Day in Hungary

    Generation Z Splurges on Valentine's Day in Hungary

    • 16 Feb 2023 8:27 AM

    Men born before 1964 typically do not spend money on Valentine's Day gifts, while those belonging to Generation Z spend more than three times as much as on an average day, according to a survey from Erste Bank, writes profitline.hu.

shopping CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.

Newsletter

get in & enjoy more!

XpatLoop’s newsletter contains a hand-picked selection of fresh news, special invitations, events, movies, and more.

I understand & accept the Privacy Policy