Consumer confidence deteriorated slightly among German consumers amid surging energy prices. The forward-looking GfK consumer confidence indicator for April inched down to 5.9 points from 6.0 points in March. The reading fell short of market expectations that had the index remaining unchanged at 6.0 points and represented the first fall in consumer sentiment in seven months. Together with the overall consumer confidence indicator for April, GfK also published detailed data referring to March. According to the Institute, income expectations registered a sharp drop in March, as a majority of consumers were more concerned about the recent surge in prices for petrol and diesel, which are likely to dent their purchasing power. In addition, consumers' propensity to buy remained stable over the previous month. Only economic expectations improved, as consumers' showed less concern about the potential default of Greece as a result of the approval of the second rescue package.
Germany Consumer Confidence
Consumer confidence slips amid higher energy prices
March 27, 2012
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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.