The perennial debt crisis in the Eurozone continues to cause concerns among German consumers. However, rising household income is partially offsetting the adverse external outlook. The forward-looking GfK consumer confidence indicator for September remained stable at August's 5.9 points, which represents the highest level since March. The print contrasted market expectations that had consumer sentiment edging down to 5.8 points. While the overall consumer climate indicator refers to September, its sub-indices refer to August. According to the GfK, the economic expectations sub-index registered a sharp drop over the previous month, reflecting consumers' increasing fears that the economic weakness of debt-stressed countries in the Euro area periphery may negatively impact the German economy. Meanwhile, despite a slight drop in the sub-indicators related to income expectations and propensity to buy, both-sub components remain at healthy levels, confirming the notion that private consumption should become a key growth engine going forward.
Germany Consumer Confidence
Consumer confidence stabilises in September
August 28, 2012
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.