In spite of the gloom surrounding the debt crisis, consumers remain confident on the back of a strong labour market. In November, the GfK Institute projects its forward-looking indicator to inch up to 5.3 points from 5.2 points in October, which contrasts market expectations that have the index falling to 5.1 points. While the overall consumer confidence indicator refers to November, the GfK Institute also publishes three sub-indicators (economic expectations, income expectations and buying propensity), which refer to October. According to the Institute, income expectations improved over the previous month as consumers continue to positively asses the resilience of the labour market. In addition, consumers' propensity to buy increased over the previous month, which, according to the Institute, benefited from the positive income prospects. Moreover, the ?discussions on the stability of the single currency and banks have shaken consumers' trust in the financial markets?, which is likely to make them less prone to save. Consumers' economic expectations worsened over the previous month and fell to the lowest level since August 2009.
Germany Consumer Confidence
Consumer confidence improves despite fears of escalating debt crisis
October 25, 2011
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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.