TCCI Barometer
March 2010
“Establishing a reliable tool for monitoring the
financial, business and social activity in the
Prefecture of Thessaloniki”
•Conduct every six months (March – September, 2nd fortnight)
•Monitoring five (5) populations of interest:
- Residents – Consumers in the Prefecture of Thessaloniki (Consumer Survey)
- Retail Trade companies in the Prefecture of Thessaloniki (Retail Trade Survey)
- Industries – Manufacturers in the Prefecture of Thessaloniki (Industry Survey)
- Services companies in the Prefecture of Thessaloniki (Services Survey)
- Construction companies in the Prefecture of Thessaloniki (Construction Survey)
• Conduct via telephone interviews (CATI system)
• Total sample of 1.500 respondents (700 consumers & 800 companies)
• Questionnaires along the lines of instructions for investigating
economic climate (DG – ECFIN)
Consumer Survey
Industry Survey
Services Survey
Retail Trade Survey4
3
2
1
Construction Survey5
Consumer Survey1
Consumer Confidence Indicator
Prefecture of Thessaloniki : -61
Greece : -57
European Union : -14
Consumer Survey1
Source:
1.Prefecture of Thessaloniki: TCCI Barometer
2.Greece : FEIR
3.European Union : DG ECFIN
Consumer Confidence Indicator (September 2009)
Prefecture of Thessaloniki : -32
Greece : -39
European Union : -17
Consumer Survey1
Balances (Positive – Negative)THE: -32
GR: -50
EU: -15
Balances (Positive – Negative)THE: -48
GR: -55
EU: -14
September 2009
1%3%
41%
34%
21%
How has the financial situation of your household changed
over the last 12 months? It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
0% 1%
26%
49%
24%
How has the financial situation of your household changed
over the last 12 months? It has...
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
Consumer Survey1
Balances (Positive– Negative)THE: -13
GR: -22
EU: -2
Balances (Positive – Negative)THE: -47
GR: -45
EU: -2
September 2009
2%
15%
39%25%
10%
9%
How do you expect the financial position of your household to change over the next 12 months? It
will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
0%
5%
20%
45%
27%
3%
How do you expect the financial position of your household to change over the next 12 months? It
will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -60
GR: -71
EU: -57
Balances (Positive – Negative)THE: -67
GR: -76
EU: -46
September 2009
0%
3%
12%
43%
40%
2%
How do you think the general economic situation in the country has changed over the past 12 months?
It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
don't know
0%1%
8%
43%
46%
2%
How do you think the general economic situation in the country has changed over the past 12 months?
It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -26
GR: -38
EU: -11
Balances (Positive – Negative)THE: -51
GR: -44
EU: -7
September 2009
1%
14%
27%
26%
21%
11%
How do you expect the general economic situation in this country to develop over the next 12 months?
It will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
0%
10%
15%
31%
41%
3%
How do you expect the general economic situation in this country to develop over the next 12 months? It
will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
Consumer Survey1
Balances (Positive – Negative)THE: +23
GR: +45
EU: -02
Balances (Positive – Negative)THE: +35
GR: +42
EU: +05
September 2009
6%
19%
20%28%
25%
2%
How do you think that consumer prices have developed over the last 12 months? They have…
fallen
stayed about the same
risen slightly
risen moderately
risen a lot
don't know
2%
12%
21%
40%
23%
2%
How do you think that consumer prices have developed over the last 12 months? They have…
fallen
stayed about the same
risen slightly
risen moderately
risen a lot
don't know
Consumer Survey1
Balances (Positive – Negative)THE: +11
GR: +07
EU: -09
Balances (Positive – Negative)THE: +42
GR: +25
EU: +07
September 2009
5%
25%
16%30%
13%
11%
By comparison with the past 12 months, how do you expect that consumer prices will develop in the next
12 months? They will...
fall
stay about the same
increase at a slower rate
increse at the same rate
increase more rapidly
don't know
4%
15%
11%
28%
39%
3%
By comparison with the past 12 months, how do you expect that consumer prices will develop in
the next 12 months? They will...
fall
stay about the same
increase at a slower rate
increase at the same rate
increase more rapidly
don't know
Consumer Survey1
Balances (Positive – Negative)THE: +53
GR: +47
EU: +46
Balances (Positive – Negative)THE: +81
GR: +82
EU: +41
September 2009
1%
4%
16%
36%
38%
5%
How do you expect the number of people unemployed in this country to change over the next 12 months?
The number will…
fall sharply
fall slightly
remain the same
increase slightly
increase sharply
don't know
0%2%
5%
17%
74%
2%
How do you expect the number of people unemployed in this country to change over the next 12 months?
The number will…
fall sharply
fall slightly
remain the same
increase shlightly
increase sharply
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -37
GR: -44
EU: -15
Balances (Positive – Negative)THE: -57
GR: -56
EU: -15
September 2009
19%
21%
57%
3%
In the view of the general economic situation, do you think that now it is the right moment for people to
make major purchases such as furniture, electrical/electronic devices, etc.?
yes,it is the right moment now
it is neither the right moment nor the wrong moment
no, it is not the right moment now
don't know
1%
12%
18%
69%
In the view of the general economic situation, do you think that now it is the right moment for people
to make major purchases such as furniture, electrical/electronic devices, etc.?
don’t know
yes,it is the right moment now
it is neither the right moment nor the wrong moment
no, it is not the right moment now
Consumer Survey1
Balances (Positive – Negative)THE: -31
GR: -33
EU: -23
Balances (Positive – Negative)THE: -60
GR: -55
EU: -24
September 2009
8%
11%
24%
24%
32%
1%
Compared to the past 12 months, do you expect to spend more or less money on major purchases
(furniture, electrical/electronic devices, etc.) over the next 12 months? I will spend…
much more
a little more
about the same
a little less
much less
don't know
3%6%
11%
26%
53%
1%
Compared to the past 12 months, do you expect to spend more or less money on major purchases
(furniture, electrical/electronic devices, etc.) over the next 12 months? I will spend…
much more
a little more
about the same
a little less
much less
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -45
GR: -46
EU: +14
Balances (Positive – Negative)THE: -53
GR: -45
EU: -
September 2009
8%
14%
27%
47%
4%
In view of the general economic situation, do you think that now is…?
a very good moment to save
a fairly good moment to save
not a good moment to save
a very bad moment to save
don't know
6%
13%
27%
53%
1%
In view of the general economic situation, do you think that now is…?
a very good moment to save
a fairly good moment to save
not a good moment to save
a very bad moment to save
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -47
GR: -50
EU: -8
Balances (Positive – Negative)THE: -65
GR: -60
EU: -5
September 2009
7%
17%
23%
51%
2%
Over the next 12 months, how likely is it that you save any money?
very likely
fairly likely
not likely
not at all likely
don't know
4%11%
21%
63%
1%
Over the next 12 months, how likely is it that you save any money?
very likely
fairly likely
not likely
not at all likely
don't know
Consumer Survey1
September 2009
3%
20%
49%
14%
13%
1%
Which of these statements best describes the current financial situation of your household?
we are saving a lot
we are saving a little
we are just managing to make ends meet on our incomewe are having to draw on our savings
we are running into debt
don't know
1%
16%
49%
18%
16%
0%
Which of these statements best describes the current financial situation of your household?
we are saving a lot
we are saving a little
we are just managing to make ends meet on our incomewe are having to draw on our savings
we are running into debt
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -76
GR*: -76
EU*: -74
*Data of July ‘09
Balances (Positive – Negative)THE: -88
GR*: -63
EU*: -74
*Data of January ‘10
September 2009
5%7%
7%
81%
0%
How likely are you to buy a car over the next 12 months?
very likely
fairly likely
not likely
not at all likely
don't know
3%3%
4%
90%
How likely are you to buy a car over the next 12 months?
very likely
fairly likely
not likely
not at all likely
Consumer Survey1
Balances (Positive – Negative)THE: -84
GR*: -80
EU*: -88
*Data of July ‘09
Balances (Positive – Negative)THE: -92
GR*: -90
EU*: -89
*Data of January ‘10
September 2009
3%6%2%
88%
1%
Are you planning to buy or build a home over the next 12 months (to live in yourself, for a member of your family,
as a holiday home, to let etc.)?
yes, definitely
possibly
probably not
no
don't know
1%
3%4%
92%
Are you planning to buy or build a home over the next 12 months (to live in yourself, for a member of
your family, as a holiday home, to let etc.)?
yes, definitely
possibly
probably not
no
Consumer Survey1
*Data of July ‘09
Balances (Positive – Negative)THE: -63
GR*: -66
EU*: -58
*Data of January ‘10
Balances (Positive – Negative)THE: -76
GR*: -61
EU*: -57
September 2009
7%
11%
14%
68%
0%
How likely are you to spend any large sums of money on home improvements or renovations over the next
12 months?
very likely
fairly likely
not likely
not at all likely
don't know
3%8%
13%
76%
How likely are you to spend any large sums of money on home improvements or renovations
over the next 12 months?
very likely
fairly likely
not likely
not at all likely
Industry Survey2
Industry Survey2
Business Expectations Indicator (Industrial Sector) – September 2009
Prefecture of Thessaloniki : -16
Greece : -24
European Union : -24Source:
1.Prefecture of Thessaloniki: TCCI Barometer
2.Greece : FEIR
3.European Union : DG ECFIN
Business Expectations Indicator (Industrial Sector)
Prefecture of Thessaloniki : -31
Greece : -23
European Union : -10
Industry Survey2
Balances (Positive – Negative)THE: -45
GR: -20
EU: -20
decreased57%
remained unchanged
26%
increased14%
don’t know3%
How has your production developed over the past 6 months? It has:
Balances (Positive – Negative)THE: -56
GR: -15
EU: +2
September 2009
decreased64%
remain unchanged
24%
increased9%
don't know3%
How has your production developed over the past 6 months? It has:
Industry Survey2
Balances (Positive – Negative)THE: -53
GR: -54
EU: -55
not sufficient56%
sufficient41%
more than sufficient
2%
don’t know1%
Do you consider your current overall order books to be:
Balances (Positive – Negative)THE: -65
GR: -52
EU: -39
September 2009
not sufficient
65%
sufficient33%
more than sufficient
1%
don't know1%
Do you consider your current overall order books to be:
Industry Survey2
Balances (Positive – Negative)THE: -52
GR: -45
EU: -55
more than sufficient
3%
sufficient27%
not sufficient39%
don’t know31%
Do you consider your current export order books to be:
Balances (Positive – Negative)THE: -59
GR: -40
EU: -35
September 2009
not sufficient43%
don't know 29%
sufficient27%
more than sufficient
1%
Do you consider your current export order books to be:
Industry Survey2
Balances (Positive – Negative)THE: +04
GR: +20
EU: +11
adequate65%
too large16%
too small12%
don’t know7%
Do you consider your current stock of finished products to be:
Balances (Positive – Negative)THE: +05
GR: +17
EU: +1
September 2009
adequate60%
too small14%
too large19%
don't know7%
Do you consider your current stock of finished products to be:
Industry Survey2
Balances (Positive – Negative)THE: +09
GR: +01
EU: -06
remain unchanged
43%
increase28%
decrease20%
don’t know9%
How do you expect your production to develop over the next 6 months? It will…
Balances (Positive – Negative)THE: -24
GR: +01
EU: +10
September 2009
decrease36%
remain unchanged
36%
increase16%
don't know12%
How do you expect your production to develop over the next 6 months? It will…
Industry Survey2
Balances (Positive – Negative)THE: -10
GR: -07
EU: -08
remain unchanged
65%
decrease19%
increase10%
don’t know6%
How do you expect your selling prices to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -13
GR: +02
EU: +01
September 2009
remain unchanged
56%decrease
24%
increase14%
don’t know8%
How do you expect your selling prices to change over the next 6 months? They will…
Industry Survey2
Balances (Positive – Negative)THE: -10
GR: -22
EU: -30
remain unchanged
72%
decrease18%
increase8%
don’t know2%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -29
GR: -20
EU: -15
September 2009
remain unchanged
65%
decrease31%
don’t know 3%
increase2%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Industry Survey2
September 2009
1%
3%
4%
8%
8%
29%
48%
shortage of labour force
shortage of material and/or equipment
don't know
none
other factors
financial constraints
insufficient demand
What main factors are currently limiting your production?
1%
10%
5%
2%
5%
29%
47%
don't know
other factors
shortage of material and/or equipment
shortage of labour force
none
financial constraints
insufficient demand
What main factors are currently limiting your production?
Industry Survey2
decreased56%remained
unchanged29%
increased14%
don’t know1%
How have your orders developed over the past 6 months? They have…
September 2009
decreased64%
remain unchanged
27%
increased7%
don't know4%
How have your orders developed over the past 6 months? They have…
Industry Survey2
Balances (Positive – Negative)THE: -01
GR:* +41
EU:* +51
*Data of July ‘09
Balances (Positive – Negative)THE: -07
GR:* +37
EU:* +36
*Data of January ‘10
sufficient67%
not sufficient15%
more than sufficient
15%
don’t know3%
Considering your current order books and the expected change in demand over the coming
months, how do you assess your current production capacity? The current production
capacity is…
September 2009
sufficient68%
not sufficient17%
more than sufficient
10%
don't know5%
Considering your current order books and the expected change in demand over the coming
months, how do you assess your current production capacity? The current production capacity is…
Industry Survey2
Balances (Positive – Negative)THE: +01
GR: -09
EU: -10
increase17%
remain unchanged
30%
decrease17%
don’t know36%
How do you expect your export orders to develop over the next 6 months? They will…
Balances (Positive – Negative)THE: -27
GR: +02
EU: +12
September 2009
don't know31%
remain unchanged
32%
decrease28%
increase9%
How do you expect your export orders to develop over the next 6 months? They will…
Industry Survey2
Source:
1.Prefecture of Thessaloniki: TCCI Barometer
2.*Greece : FEIR – March 2010
3.*European Union : DG ECFIN – March 2010
Thessaloniki Greece* European Union*
**How many months of production are assured by
your current overall order books? 3,5 3,7 3,4
***At what capacity is your company currently
operating (as a percentage of full capacity)? 64,2% 69,0% 72,9%
** Percentage of those who answered: 80%
*** Percentage of those who answered: 89%
Services Survey3
Business Expectations Indicator (Services Sector) – March 2009
Prefecture of Thessaloniki : -24
Greece : -19
European Union : -11
Services Survey3
Source:
1. Prefecture of Thessaloniki: TCCI Barometer
2. Greece : FEIR
3. European Union : DG ECFIN
Business Expectations Indicator (Services Sector)
Prefecture of Thessaloniki : -41
Greece : -21
European Union : +01
Services Survey3
Balances (Positive – Negative)THE: -36
GR: -14
EU: -18
deteriorated51%
remained unchanged
32%
improved15%
don’t know2%
How has your business situation developed over the past 6 months? It has…
Balances (Positive – Negative)THE: -57
GR: -20
EU: -06
September 2009
deteriorated64%
remained unchanged
28%
improved8%
How has your business situation developed over the past 6 months? It has…
Services Survey3
Balances (Positive – Negative)THE: -44
GR: -17
EU: -12
decreased56%
remained unchanged
30%
increased13%
don’t know1%
How has demand (turnover) for your company’s services changed over the past 6 months? It
has…
Balances (Positive – Negative)THE: -39
GR: -21
EU: +01
September 2009
decreased51%remained
unchanged33%
increased13%
don’t know1%
How has demand (turnover) for your company’s services changed over the past 6 months? It
has…
Services Survey3
Balances (Positive – Negative)THE: +08
GR: -25
EU: -04
remain unchanged
39%
increase30%
decrease23%
don’t know8%
How do you expect the demand (turnover) for your company’s services to change over the next 6
months? It will…
Balances (Positive – Negative)THE: -26
GR: -21
EU: +08
September 2009
decrease43%
remain unchanged
33%
increase18%
don't know6%
How do you expect the demand (turnover) for your company’s services to change over the next 6
months? It will…
Services Survey3
Balances (Positive – Negative)THE: -12
GR: -21
EU: -18
remained unchanged
72%
decreased19%
increased7%
don’t know2%
How has your firm’s total employment changed over the past 6 months? It has…
Balances (Positive – Negative)THE: -20
GR: -14
EU: -13
September 2009
remained unchanged
70%
decreased24%
increased4%
don't know2%
How has your firm’s total employment changed over the past 6 months? It has…
Services Survey3
Balances (Positive – Negative)THE: -04
GR: -23
EU: -13
remain unchanged
75%
decrease11%
increase7%
don’t know7%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -10
GR: -23
EU: -04
September 2009
remain unchanged
68%
decrease22%
increase6%
don't know4%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Services Survey3
remain unchanged
77%
decrease14%
increase5%
don’t know4%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -10
GR: +01
EU: -07
Balances (Positive – Negative)THE: -08
GR: -09
EU: -03
September 2009
remain unchanged
64%
decrease18%
increase11%
don't know7%
How do you expect the prices you charge to change over the next 6 months? They will…
Services Survey3
September 2009
39%
35%
13%
8%
2%
2%
2%
insufficient demand
financial constraints
other factors
none
shortage of space and/or equipment
don't know
shortage of labour force
What main factors are currently limiting your business?
37%
38%
12%
10%
1%
2%
1%
insufficient demant
financial constraints
other factors
none
shortage of labour force
shortage of space and/or equipment
don't know
What main factors are currently limiting your business?
Retail Trade Survey4
Business Expectations Indicator (Retail Trade Sector) – March 2009
Prefecture of Thessaloniki : -28
Greece : -07
European Union : -11
Retail Trade Survey4
Source:
1. Prefecture of Thessaloniki: TCCI Barometer
2. Greece : FEIR
3. European Union : DG ECFIN
Business Expectations Indicator (Retail Trade Sector)
Prefecture of Thessaloniki : -41
Greece : -32
European Union : -04
Retail Trade Survey4
Balances (Positive – Negative)THE: -64
GR: -5
EU: -13
deteriorated68%
remained unchanged
23%
improved6%
don’t know3%
How has (have) your business activity (sales) developed over the past 6 months? It has…(They
have…)
Balances (Positive – Negative)THE: -73
GR: -45
EU: -06
September 2009
deteriorated76%
remained unchanged
20%
improved4%
How has (have) your business activity (sales) developed over the past 6 months? It has…(They
have…)
Retail Trade Survey4
Balances (Positive – Negative)THE: -04
GR: +10
EU: +09
adequate (normal for the season)
51%
too large (above normal)
14%
too small (below normal)
17%
don’t know18%
Do you consider the volume of stock you currently hold to be:
Balances (Positive – Negative)THE: +05
GR: +07
EU: +09
September 2009
adequate (normal for the season)
61%
too large (above normal)
20%
too small (below normal)
15%
don't know4%
Do you consider the volume of stock you currently hold to be:
Retail Trade Survey4
Balances (Positive – Negative)THE: -31
GR: -19
EU: -14
decrease41%
remain unchanged
30%
increase14%
don’t know15%
How do you expect your orders placed with suppliers to change over the next 6 months? They
will…
Balances (Positive – Negative)THE: -51
GR: -52
EU: -05
September 2009
decrease58%
remain unchanged
28%
increase7%
don't know7%
How do you expect your orders placed with suppliers to change over the next 6 months?
They will…
Retail Trade Survey4
Balances (Positive – Negative)THE: -24
GR: -15
EU: -11
deteriorate(decrease)
41%
remain unchanged
32%
improve (increase)
18%
don’t know9%
How do you expect your business activity (sales) to change over the next 6 months? It (They) will…
Balances (Positive – Negative)THE: -44
GR: -45
EU: +03
September 2009
deteriorate (decrease)
56%
remain unchanged
28%
improve (increase)
12%
don't know4%
How do you expect your business activity (sales) to change over the next 6 months? It (They) will…
Retail Trade Survey4
Balances (Positive – Negative)THE: -10
GR: +5
EU: -08
remain unchanged
78%
decrease15%
increase4%
don’t know3%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -21
GR: -22
EU: -03
September 2009
remain unchanged
70%
decrease22%
don't know5%
increase3%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Retail Trade Survey4
Balances (Positive – Negative)THE: -12
GR: -16
EU: -02
remain unchanged
60%
decrease22%
increase11%
don’t know7%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -03
GR: -01
EU: +03
September 2009
remain unchanged
53%
decrease23%
increase20%
don't know4%
How do you expect the prices you charge to change over the next 6 months? They will…
Construction Survey5
Business Expectations Indicator (Constructions Sector) – March 2009
Prefecture of Thessaloniki : -38
Greece : -39
European Union : -35
Construction Survey5
Source:
1. Prefecture of Thessaloniki: TCCI Barometer
2. Greece : FEIR
3. European Union : DG ECFIN
Business Expectations Indicator (Constructions Sector)
Prefecture of Thessaloniki : -48
Greece : -60
European Union : -30
Construction Survey5
Balances (Positive – Negative)THE: -46
GR: -23
EU: -26
decreased53%
remain unchanged
41%
increased6%
How has your building activity developed over the past 6 months? It has…
Balances (Positive – Negative)THE: -66
GR: -30
EU: -22
September 2009
decreased72%
remained unchanged
23%
increased5%
How has your building activity developed over the past 6 months? It has…
Construction Survey5
September 2009
1%
2%
3%
8%
30%
56%
none
shortage of labour force
other factors
weather conditions
financial constraints
insufficient demand
What main factors are currently limiting your building activity?
1%
3%
2%
7%
3%
6%
40%
38%
don't know
shortage of labour force
shortage of equipment
weather conditions
none
other factors
financial constraints
insufficient demand
What main factors are currently limiting your building activity?
Construction Survey5
Balances (Positive – Negative)THE: -62
GR: -46
EU: -49
not sufficient63%
sufficient35%
don’t know1%
more than sufficient
1%
Do you consider your current overall order books to be:
Balances (Positive – Negative)THE: -71
GR: -72
EU: -43
September 2009
sufficient26%
not sufficient72%
more than sufficient
1%
don't know1%
Do you consider your current overall order books to be:
Construction Survey5
Balances (Positive – Negative)THE: -15
GR: -32
EU: -25
remain unchanged
68%
decrease21%
don’t know6%
increase5%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -26
GR: -18
EU: -18
September 2009
remain unchanged
57%
decrease26%
increase9%
don't know8%
How do you expect the prices you charge to change over the next 6 months? They will…
Construction Survey5
Balances (Positive – Negative)THE: -15
GR: -33
EU: -22
remain unchanged
68%
decrease23%
increase8%
don’t know1%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -19
GR: -48
EU: -16
September 2009
remain unchanged
60%
decrease31%
increase5%
don't know4%
How do you expect your firm’s total employment to change over the next 6 months? It will…
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