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.
Author: Christopher Mc Innes, Economist