German Consumer Climate: Significant Setback | Forex Factory

  • German Consumer Climate: Significant Setback

    From gfk.com

    After the recovery in the previous month, consumer sentiment in Germany suffers a severe setback in August. Income and economic expectations show noticeable losses and the willingness to buy also falls slightly. As the willingness to save rises this month, the Consumer Climate declines: in the forecast for September, it falls by 3.4 points compared to the previous month (revised -18.6 points) to -22.0 points. These are the current findings of the GfK Consumer Climate powered by NIM, which has been published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM), the founder of GfK, since October 2023. ... (full story)

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Banditten
Aug 27, 2024 1:17am
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German consimers are in a depression. And I can understand why. I am fortunate enough to travel through Germany a few times a month on my journey from Paris to CPH. Prices are through the roof on almost everything. Gasoline is expensive. Germans used to drive like "crazY" but now they are slow steeming to save gasoline. You can literally follow the consumer sentiment from the autobahn.
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Banditten
Aug 27, 2024 7:00am
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Quoting cuchuflito
Germany is now a socialist/communist country. Results are obvious. Highest capital leaving the country from all the richest nations.Made in Germany is bye bye.
Just ordered a mercedes EQE SUV. Its made in Germany I believe. Need to keep the wheels turning again.
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cuchuflito
Aug 27, 2024 1:24am
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Germany is now a socialist/communist country. Results are obvious. Highest capital leaving the country from all the richest nations.Made in Germany is bye bye.
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Logix3
Aug 27, 2024 5:01am
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time to sell euro???
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