empty
 
 

2018.07.2602:41:00UTC+00German Consumer Confidence Set To Drop In August

Germany's consumer confidence is set to weaken slightly in August, survey data from market research group GfK showed Thursday.

The forward-looking consumer sentiment index fell to 10.6 in August from 10.7 in July. The score was forecast to remain unchanged at 10.7.

The survey showed that income expectations and propensity to buy were able to maintain their extremely good level while economic expectations continue their clear downwards trend.

The economic expectation indicator dropped 7.6 points to 15.7 in July. The escalating trade conflict between the EU and the United States adversely affected German consumers' economic expectations.

At the same time, the income expectations indicator dropped only marginally by 0.1 points to 57.5 points in July.

Similarly, the indicator for propensity to buy fell slightly to 56.2 from 56.3 in the previous month. Despite the uncertain times in terms of world politics, German citizens are still keen to keep on buying, said GfK.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback