Germany: Consumer confidence moderates in March
February 23, 2017
The forward-looking consumer confidence indicator published by the GfK Group edged down from 10.2 points in February to 10.0 in March.
Looking at the detailed breakdown of the components, the economic expectations sub-sector registered a significant loss. Consumers are increasingly worried about the global uncertainty caused by President Donald Trump’s early measures. Optimism about future income was also lower on the back of increasing inflation. The willingness to buy sub-category was also down. According to GfK, consumer confidence is still high and should remain so in the months ahead.
Author: Christopher Mc Innes, Economist