Consumer confidence deteriorated slightly among German consumers amid surging energy prices. The forward-looking GfK consumer confidence indicator for May fell to 5.6 points from a revised 5.8 points in April (previously reported: 5.9 points). The reading contrasted market expectations that had the index remaining unchanged at the original 5.9 points observed in April and represented the second consecutive drop in consumer sentiment. While the overall consumer confidence indicator refers to May, the GfK Institute also published detailed data referring to April. According to the Institute, economic expectations improved in April, as a majority of consumers perceive that that the German economy is showing resilience compared to their regional peers. However, income expectations deteriorated as respondents were more concerned about high petrol and diesel prices. In addition, consumers' propensity to buy fell sharply over the previous month, as higher prices and an increase in inflation expectations are likely to dent their purchasing power going forward.
Germany Consumer Confidence
Consumer confidence falls amid higher energy prices
April 27, 2012
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Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.