Germany Consumer Confidence July 2017

Germany

Germany: Consumer confidence reaches fresh high in July

June 26, 2017

The forward-looking consumer climate indicator published by the GfK Group edged up from 10.4 points in June to 10.6 points in July.

Looking at other forward-looking sentiment indicators for June published in the same survey, the increase is consistent with the sharp increase in economic and income expectations, thanks to the economy’s healthy start to the year and continued labor market strength. Consumers’ propensity to buy also rose strongly and stands near historic highs.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.3% in 2017, which is unchanged from last month’s estimate. For 2018, panelists see private consumption growing 1.5%.


Author:, Economist

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Germany Consumer Confidence Chart


Germany Consumer Confidence June 2017

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


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