ECONOMY

Consumer sentiment dipped in Q4 in Greece

Global consumer confidence dipped at the end of last year, a survey showed on Monday, and more than 60 percent of respondents said the next 12 months would not be a good time to spend.

Concerns about US budget talks, which have since eased, and worries about the eurozone crisis weighed on consumer sentiment in the final quarter of 2012, according to the survey by global information and insights company Nielsen.

Sixty-three percent of respondents said it was not a good time to buy discretionary or non-discretionary things over the next 12 months, with spending restraint most notable among Europeans

Confidence was worst in eurozone countries grappling with debt problems, notably Greece, where consumer sentiment fell sharply in the fourth quarter from the previous three months.

[Reuters]