Despite the escalating debt crisis in the Eurozone, consumers still show strong willingness to buy. In December, the GfK Institute projects its forward-looking indicator to rise to 5.6 points from a revised 5.4 points in November (previously reported: 5.2 points). The reading surprised private sector analysts on the upside as they had expected the index to remain at the unrevised 5.2 points. While the overall consumer confidence indicator refers to December, the GfK Institute also publishes three sub-indicators (economic expectations, income expectations and buying propensity), which refer to November. According to the Institute, the sub-indicators of economic expectations and income expectations deteriorated in November, as consumers became increasingly concerned that economic growth will weaken on the back of the ongoing debt crisis. On the other hand, consumers' propensity to buy rose sharply in November. According to the Institute, ?the increase in willingness to buy in these times of growing uncertainty ? caused primarily by the debt crisis ? may seem surprising.? The improvement probably reflects favourable domestic conditions, particularly in the labour market.
Germany Consumer Confidence
Consumer confidence improves unexpectedly
November 28, 2011
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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.