The forward-looking GfK consumer confidence indicator for October remained stable at September's 5.9 points, which matched market expectations. The reading represents the highest level seen in the index since March, as rising concerns among consumers that the economy would enter into recession appear to be fading. While the overall consumer climate indicator refers to October, its sub-indicators refer to September. According to the GfK, the economic expectations sub-index rose over the previous month, marking the first improvement after three consecutive declines, suggesting that consumers are less worried that the economy would slip into recession. Moreover, consumers' willingness to buy was stable over the previous month, and remained at healthy levels. Meanwhile, despite the slight improvement in economic expectations, households' income expectations dropped noticeably in September.
Germany Consumer Confidence
Consumer confidence holds steady in October
September 25, 2012
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Germany Consumer Confidence Chart
Note: GfK Consumer Confidence Index.
Source: The GfK Group.
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
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.