Confidence among German consumers remains strong despite the protracted European debt crisis. The forward-looking GfK consumer sentiment index for January came in at 5.6 points, which mirrored the unrevised value recorded for December. The reading beat market expectations that had the index softening a notch to 5.5 points. Along with the overall consumer confidence indicator for January, the GfK Institute also published detailed data referring to December. Economic expectations improved for the first time after declining uninterruptedly since July. The Institute commented that ?consumers are evidently more perceptive at present than they have been in previous months to the economic framework conditions, which are still extremely favourable.? Meanwhile, income expectations also improved from last month and although willingness to buy recorded a significant drop, it remained ?still at a comparatively high level.?
Germany Consumer Confidence
Consumer confidence remains strong despite debt crisis
December 20, 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.