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Cypriots in top three on clothes spending

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Cypriots in top three on clothes spending

Postby Sotos » Thu Dec 01, 2005 1:55 pm

CYPRIOTS rank third in Europe behind Greeks and Italians as far as spending money on clothing and footwear is concerned.

The government Statistical Services released the findings, which also reveal that Cyprus ranks 19th in spending on entertainment and culture.

President of the Consumers’ Association Petros Marcou told the Cyprus Mail that, “the facts speak for themselves. We accept these statistics and need to interpret them correctly.

“However, I must say that the above findings reveal how materialistic Cypriots are. They place a greater emphasis on their appearance rather than on other important issues.

“But I feel that a good percentage of consumers are not represented in the findings and we need to look at what percentage of the population they apply to, as they establish averages only. For example, low-income groups such as pensioners on welfare can’t afford to spend money on the above things.”

Further statistics show that Cypriots also spend seven per cent of their annual salary on household goods, six per cent on alcohol and cigarettes, four per cent on health, three per cent on education and two per cent on telecommunications. As far as alcohol and cigarettes are concerned, there’s been an increase in spending of one per cent compared to 10 years ago.

Marcou added that it was important to compare these statistics with those in other European countries in order to get a wider perspective.

Comparing 1995 with 2003, there has been a decrease in spending in the hotel and restaurant sector, with Cypriots frequenting these establishments on a smaller basis.
Even though Cyprus ranks so highly in clothing and footwear expenditure, Cypriots are actually spending nearly one per cent less per year on these things. For example, 1995 saw an average household spend 7.7 per cent of their income buying clothing and footwear. In 2003, they spent approximately seven per cent.
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Postby dms007 » Thu Dec 01, 2005 2:37 pm

Narcissus was Greek!!
No wonder Greece and Cyprus are on top of the list...........
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Postby cypezokyli » Thu Dec 01, 2005 4:21 pm

ofcource....first in clothes and last in buying books.
eite paides ellinon
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Postby pumpernickle » Fri Dec 02, 2005 1:07 pm

cant buy books when there are very few book shops, or for that matter...a wider interest in arts and culture. Shame really.

Books are great. How can people spurn them so...

More cabarets than there are book shops. Jeez, what is happening to the world.

If it weren't for Amazon.com, I'd be crawling out of bed in the morning from beneath a rock, waking up the neighbourhood with growls and grunts, and the shuffling noise the club makes as I drag it across the kitchen floor.
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Postby Maria28 » Sat Dec 03, 2005 9:49 am

We like to dress well.
Why should that be a problem?
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Postby Mikros » Wed Dec 07, 2005 6:13 pm

Actually the stats is not about how many pieces Maria above or anybody else buys, but the amount of money spent in shopping. I have to admit that clothes' market is quite (or shall I say very?) expensive compared to the average income here, where as if you compare us with other Euro countries, you can easily realise that we are not in the first 3 rank.
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Postby Sotos » Thu Dec 08, 2005 1:10 pm

We are not in the first 3 rank when it comes to cost of life either. So there is a balance there.
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