Confidence among German consumers remains strong, defying the turmoil in the Eurozone. The forward-looking GfK consumer sentiment index for February rose to 5.9 points, above the revised 5.7 points observed for January (initially reported: 5.6 points). The reading beat market expectations that predicted the index would remain unchanged from the initial January reading of 5.6 points. While the overall consumer confidence indicator refers to February, the GfK Institute also publishes three sub-indicators (economic expectations, income expectations and buying propensity), which refer to January. According to the Institute, ?economic expectations and willingness to buy both increased markedly and income expectations remained stable at a high level.? The improvement in consumer confidence bodes well for private consumption at the outset of this year.
Germany Consumer Confidence
Consumer confidence improves despite unresolved Eurozone crisis
January 26, 2012
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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.