Consumer confidence remains healthy among German consumers as a result of positive developments in the labour market and better income prospects. The forward-looking GfK consumer confidence indicator for March inched up to 6.0 points from the 5.9 points observed in February and was in line with market expectations. The monthly reading represents the highest level since April 2011. Along with the overall consumer confidence indicator for March, the Institute also published three sub-indicators (economic expectations, income expectations and propensity to buy), which refer to February. According to the GfK, economic expectations and willingness to buy dropped slightly over the previous month, whereas income expectations improved markedly. The improvement in income expectations reflected consumers' positive assessment regarding favourable developments in the labour market, which have boosted prospects for higher wages. The improvement in consumer sentiment bodes well for private consumption going forward.
Germany Consumer Confidence
Consumer confidence rises to one-year high
February 28, 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.