View full page at forexfactory.com

 

German consumer climate suffering heavily as a result of coronavirus

From gfk.com

Coronavirus (COVID-19) is having an enormous impact on consumer sentiment in Germany. Both economic and income expectations, as well as propensity to buy are expected to suffer heavy losses. As a result, GfK has forecast a figure of 2.7 points for April 2020, 5.6 points lower than March's level (revised to 8.3 points). These are the results of the GfK German consumer climate study for March 2020. The significant increase in the number of infections in Germany and the accompanying measures and restrictions have caused the consumer climate to collapse. At just 2.7 points, the index is at its lowest level since May ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News