Germany consumer confidence forecast
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GfK: German consumer confidence tumbles in March
German consumer confidence dropped significantly in March due to the coronavirus pandemic, GfK said in a report published on Thursday. The German institute said that the consumer climate indicator slid to 2. Economic expectations fell by The propensity to buy lost Retailers, manufacturers and service providers must prepare for a recession," Gfk's consumer expert Rolf Burkl said.
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German consumer sentiment shows a mixed picture with little change As a result, GfK has forecast a figure of points for March , Germany's Consumer Confidence dropped by % Point in Apr Germany's Annual Household Income per Capita reached 31, USD in Dec
Login CDMNext. Germany's Consumer Confidence: Net Balance recorded a drop of Germany's Consumer Confidence: Net Balance data is updated monthly, available from Jan to Apr , with an averaged The data reached an all-time high of 3. In the latest reports, Retail Sales of Germany grew 2.
German consumer confidence dropped significantly in March due to the coronavirus pandemic, GfK said in a report published on Thursday.
The surprisingly solid figures are likely to please European Central Bank President Christine Lagarde, who has called on the single currency bloc to create more of its economic growth at home if it is to withstand headwinds from abroad. This confounded a Reuters poll prediction for a reading of 9.
Germany's consumer confidence hits all-time low, 50% of companies on short-time work
German consumer sentiment came in slightly below expectations in October at 9. Moreover, consumer confidence is forecasted to fall again in November to 9. Economic expectations among consumers soured notably in October amid a host of disappointing economic data and increased calls for fiscal stimulus as Germany is expected to enter a technical recession in the third quarter. In fact, economic expectations have not been this low in nearly seven years as the Sino-American trade war, lingering Brexit uncertainty and the accompanying global economic moderation are spilling over into the domestic economy: a number of car manufacturers and suppliers have announced redundancies. Income expectations consequently fell notably in October as well to a six-year low. However, income expectations remained elevated nonetheless.
Germany: Consumer confidence survey
German consumer sentiment is set to plunge in April due to the significant increase in the number of coronavirus cases in Germany and the accompanying containment measures, market-research group GfK said Thursday. Retailers, manufacturers and service providers must prepare for a recession," said Rolf Buerkl, consumer expert at GfK. GfK's forward-looking consumer-sentiment index is set to drop to 2. This would be its lowest level since May , at the time of the financial and economic crisis, when the consumer climate fell to 2. Economists surveyed by The Wall Street Journal had forecast a score of 7. Buerkl said. GfK uses data from three sub-indexes from the current month to derive a sentiment figure for the coming month. In March, both economic and income expectations, as well as propensity to buy are expected to suffer heavy losses, GfK said.
The GfK consumer sentiment indicator for Germany plunged to
German consumer sentiment shows a mixed picture with little change in February. While economic expectations gained slightly, income expectations and propensity to buy suffered moderate losses. As a result, GfK has forecast a figure of 9. These are the results of the GfK consumer climate study in Germany for February
Germany Consumer Confidence: Net Balance
Consumer confidence is an economic indicator that measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. When consumer confidence is high, consumers make more purchases. When confidence is low, consumers tend to save more and spend less. A month-to-month trend in consumer confidence reflects the outlook of consumers with respect to their ability to find and retain good jobs according to their perception of the current state of the economy and their personal financial situation. Consumer confidence typically increases when the economy expands, and decreases when the economy contracts. In the United States, there is evidence that the measure is a lagging indicator of stock market performance. Investors, manufacturers, retailers, banks, public opinion researchers and government agencies use various assessments of consumer confidence in planning their actions. The ability to predict major changes in consumer confidence allows businesses to gauge the willingness of consumers to make new purchases. As a result, businesses can adjust their operations and the government can prepare for changing tax revenue. If confidence is dropping and consumers are expected to reduce their spending, most producers will tend to reduce their production volumes accordingly. For example, if manufacturers anticipate consumers will reduce retail purchases, especially for expensive and durable goods, they will cut down their inventories in advance and may delay investing in new projects and facilities. Similarly, if banks expect consumers to decrease their spending, they will prepare for the reduction in lending activities, such as mortgage applications and credit card use. Builders will plan for the decline in home construction volumes. The government will get ready for the reduction in future tax revenues. On the other hand, if consumer confidence is improving, people are expected to increase their purchases of goods and services.
German consumer sentiment set to plunge in April
German consumer confidence is set to reach a historic low in May due to the coronavirus pandemic and the control measures taken to curb the virus, survey results from the market research group GfK showed Thursday. The forward-looking consumer sentiment index fell to The survey was conducted in the first two weeks of April, when consumers started feeling the full impact of the containment measures. Production shutdowns, closures of businesses and bars and restaurants have brought economic activity almost to a standstill in many sectors. Disruptions in supply chains are also hampering production in many areas of industry. As consumers expect the economy to sink into a tough recession, the economic expectations index slipped to This was the lowest since May during the financial crisis. The income expectations index declined This was the biggest monthly fall since data collection began in The propensity to buy fell 36 point to
