Germany Consumer Confidence March 2017

Germany

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2017, which is unchanged from last month’s estimate. For 2018, panelists also see private consumption growing 1.4%.


Author:, Economist

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Germany Consumer Confidence Chart


Germany Consumer Confidence March 2017

Note: GfK Consumer Climate Index.
Source: The GfK Group.


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