Consumer confidence remains stable, as the economy experiences a considerable upswing, sustained by a solid labour market. The forward-looking consumer confidence indicator for November, released by the GfK Institute remained steady at October's 4.9 points, confirming consumer sentiment at highest level since May 2008. The figure nevertheless, fell short of private sector analysts' expectations, which had seen consumer confidence rising further to 5.1 points. While the GfK's overall consumer confidence indicator refers to November, the institute also published three sub-indices (economic expectations, income expectations and propensity to buy), which refer to October. According to the survey, economic expectations improved over the previous month, while income expectations and buying propensity deteriorated. The economic expectations index continued its positive trend and rose by 2.5 points in October, pushing the index to 56.0 points, which represents the highest level in more than three years. The optimistic assessment mainly reflected a rosier view of the economic recovery, aided by the positive trend in the labour market. Income expectations did not profit from improving economic prospects and fell by 9.2 points in October to 36.0 points, after rising to a nine-year high in September. According to Gfk, the fall may be due to an anticipated rise in electricity prices and the announcement of municipalities to increase fees and charges. Finally, the propensity to buy declined by 8.2 points in October to 22.5 points, amid less upbeat income expectations. Nevertheless, the sub-index is far above its 0-point long-term average.
Germany Consumer Confidence
Consumer confidence remains steady in November
October 26, 2010
Looking for forecasts related to Consumer Confidence in Germany? Download a sample report now.
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.