Despite rising uncertainty in the midst of the debt crisis, German consumers remain confident that economic growth will remain on a positive trend. The forward-looking GfK consumer confidence indicator for June remained steady at the revised 5.7 points recorded in May (previously reported: 5.6 points). The reading was virtually in line with market expectations that had the index remaining stable at the original 5.6 points observed in the previous month. While the overall consumer confidence indicator refers to June, its sub-indices (economic expectations, income expectations and buying propensity) refer to May. According to the GfK Institute, economic expectations improved markedly over the previous month, as consumers continue to perceive that the economy is showing resilience, despite the recession suffered by some of Germany's regional peers. In addition, consumers' willingness to buy improved over the previous month, as better economic prospects and low unemployment are bolstering consumption. On the other hand, income expectations did not benefit from increasing economic optimism and moderated over the previous month.
Germany Consumer Confidence
Consumer confidence stabilises in June
May 25, 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.