Germany Consumer Confidence May 2017

Germany

Germany: Consumer confidence rebounds in May

The forward-looking consumer climate indicator published by the GfK Group edged up from 9.8 points in April to 10.2 points in May.

Looking at other forward-looking sentiment indicators for April published in the same survey, May’s increase is consistent with the sharp increase in economic expectations and propensity to buy. Both sentiment gauges hit a nearly two-year high in April. Income prospects also increased in April to levels last seen one year ago due to Germany’s strong labor market.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2017, which is unchanged from last month’s estimate. For 2018, panelists also see private consumption growing 1.4%.


Author:, Economist

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Germany Consumer Confidence Chart


Germany Consumer Confidence May 2017

Note: GfK Consumer Climate Index.
Source: The GfK Group.


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