Europe’s Consumer Confidence Up, U.s. Consumers Down

Europe Clothing B2C E-Commerce Report 2013

In part, because Europe is emerging from darker times. While the U.S. came out of the Great Recession in 2009, much of Europe suffered through a double-dip recession. Economic crises in Greece, Ireland and other countries threatened to be contagious. That sent confidence reeling in the Old World. Talk about role reversal. For some time, it seemed, U.S. hopes for a robust recovery were being held back by the risk created by the economic failures of Europe. Now it looks like the public perception here is that our problems are homegrown. The political firmament in Europe looks more solid, buoyed by this month’s election success of German Chancellor Angela Merkel. The consumer confidence measures are important because they tend to signal if shoppers will buy and businesses will hire. Economists pay attention to confidence indicators not just for what they show about today, but for what they suggest about the future.

German elections and Europe’s economy: Five things you need to know

Markets closed Europe Clothing B2C E-Commerce Report 2013 Press Release: Research and Markets 11 hours ago DUBLIN, September 27, 2013 /PRNewswire/ — Research and Markets (Logo: ) Across Europe, clothing B2C E-Commerce market is growing. The recent “Europe Clothing B2C E-Commerce Report 2013provides information about online purchase of clothing. One of the findings of the report researchers is that apparel is among the most purchased products in European B2C. The Internet has become an important tool for browsing or researching clothing products, whether the purchase is eventually made online or in a store. The report details the trends in sales in Europe country by country. Online clothing and apparel shopping popular in Europe Across Europe, clothing B2C E-Commerce is booming. In the EU, the share of individuals purchasing clothes and sports goods online increased in 2012, reaching over 20% of individuals. In Germany, apparel is the largest B2C E-Commerce category, having grown by just under a third in terms of sales and reaching several EUR billions of sales. Among the leading players on the market, the Otto Group plans to launch a new E-Commerce fashion project named Collins in 2014, while Zalando more than doubled its B2C E-Commerce clothing sales in 2012. In the United Kingdom, the B2C E-Commerce market for clothing shows high stages of maturity as Close to a half of the adult population shops online for clothing. Asos and Debenhams were among the most prominent online shops for fashion products in the UK in early 2013.


“Now Poland is faced with a new reality.” Poland has been a rare bright spot in an otherwise bleak European economic landscape, sustaining growth of around 2 percent last year in contrast to recession elsewhere. But such run-of-the-mill growth rates now expose the country to budget deficit and debt woes, Jagiello said. Mateusz Morawiecki, head of Polish bank BZ WBK, took a more upbeat line for the region’s top economy. “We noticed a breakthrough in the economy over the summer months,” when credit demand suddenly emerged, he said. “Maybe it will not be a V-shaped recovery but we are seeing a turn towards investments.” With signs that the worst may be over in the euro zone that absorbs a lot of emerging Europe’s exports, much hinges on whether sentiment in the region picks up again, officials said. “Consumption is still at a very low level because people do not have confidence in the recovery,” said Levon Hampartzoumian, head of UniCredit’s Bulgarian unit Bulbank. EYES ON THE FED That can also be seen in the shopping habits of Czechs, said Marek Switajewski, chief executive at Unipetrol , the country’s biggest petrol station operator. “Czech people in the past were stopping at (pricey) petrol stations buying food, drinks, … now people are very careful where they buy, they are much more focused on discounts,” he said. “We are still in recession and the recovery will be long and painful.” A big hurdle for the region is how investors react when the U.S. central bank finally starts scaling back its $85 billion in monthly bond purchases. This has been a flood of liquidity that had helped fuel market rallies in higher-risk markets. Even though the Fed surprised markets this month by keeping the stimulus in place for now, concerns that the monetary fire hose may soon start losing its power have triggered an exodus of short-term investments from many emerging markets. Central and eastern Europe is especially vulnerable to this given the region’s relatively high levels of short-term debt compared with foreign currency reserves. But officials at the Summit put the best face on affairs, even in Hungary, some of whose fiscal policies have drawn the ire of banks and multinationals operating there.

REUTERS SUMMIT-Emerging Europe poised for modest economic upturn

The CDU is now likely to negotiate a “grand coalition” with the Social Democratic Party after the pro-business Free Democrats, Merkel’s previous coalition partner, failed to pass the 5% threshold for getting into parliament. Merkel’s return gives the country consistent leadership during a time in which the future of the euro has come under question, amid the economic problems of its laggard members. While Germany has emerged from the crisis with its economy relatively intact, nations such as Greece have entered deep recessions while unemployment has soared. In this context, a healthy Germany is regarded as a help rather than hindrance for Europe. Victory for Merkel, but what’s next? The markets welcomed Merkel’s re-election and the expectation it will provide a steady approach to the financial crisis. Europe has begun to show signs of recovery, and disruption would not be welcome. Germany’s skilled immigration boom But Merkel does face challenges. A grand coalition will require her to make concessions that may impact her plans. In 2005 it took almost a month to negotiate a coalition — so there could be weeks of uncertainty in European markets before the government is actually formed. Is there an alternative for Germany?