Germany: Consumer confidence rebounds in May
April 27, 2017
The forward-looking consumer climate indicator published by the GfK Group edged up from 9.8 points in April to 10.2 points in May.
Looking at other forward-looking sentiment indicators for April published in the same survey, May’s increase is consistent with the sharp increase in economic expectations and propensity to buy. Both sentiment gauges hit a nearly two-year high in April. Income prospects also increased in April to levels last seen one year ago due to Germany’s strong labor market.
Author: Christopher Mc Innes, Economist