empty
 
 

2018.04.2607:05:00UTC+00Germany Consumer Confidence To Fall In May

German consumer sentiment is set to weaken in May due to rising insecure state of geopolitics, survey data from the market research group GfK showed Thursday.

The consumer climate index dropped 0.1 point to 10.8 in May. The score came in line with expectations.

The survey revealed that the West's confrontation with Russia in the Syria conflict is escalating and is clearly causing increasing anxiety among consumers in terms of Germany's future economic prospects.

Among components of the index, economic expectations and income expectations weakened in April. In contrast, propensity to buy maintained its already very high level.

The economic expectation indicator slid 8.5 points to 37.4 in April.

The escalation of the Syrian crisis and the protectionist trade policies of the United States are worrying consumers and could now also affect Germany's previously excellent economic prospects, GfK said.

The income expectations indicator fell by 1.4 to 53.5 points in April. Despite these minor losses, general optimism about income remained at the same level, the agency added.

Meanwhile, the propensity to buy index rose 0.9 points to 60, indicating that consumers are still willing to open their wallets and spend.

  • 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