Germany Consumer Confidence February 2017

Germany

Germany: Consumer confidence to rise in February

January 26, 2017

The German forward-looking consumer confidence indicator published by the GfK Group inched up from 9.9 points in January to 10.2 in February, returning to the all-time high it had last reached in September 2016.

Looking at the breakdown, the economic expectations sub-sector registered its fourth increase in a row, despite the increasingly uncertain global environment. Consumers were heartened by early estimates suggesting the German economy grew faster than expected in 2016. The willingness to buy sub-category also increased in January in relation to December, as did income expectations thanks to the continued strength of the labor market. According to GfK, consumers will remain optimistic 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 February 2017

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


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