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Upward trend in German consumer climate continues

From gfk.com

Once again there was no uniform picture for consumer sentiment in Germany in November this year. While there was a significant rise in the willingness to buy, economic and income expectations recorded a decline. Following a revised value of 5.4 points in November, the overall indicator is forecasting a value of 5.6 points for December. Although the debt crisis continues to escalate, there was a noticeable rise in the willingness to buy. The decline in the propensity to save, along with improved employment figures and higher incomes, is supporting the consumer climate. However, consumers are indeed unsettled by the ... (full story)

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  • Category: Low Impact Breaking News