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- GfK German consumer climate little changed in May
GfK German consumer climate little changed in May
The increasingly insecure state of geopolitics now also seems to be influencing the mood of consumers. There is a tangible drop in economic expectations in April, while income expectations fell only slightly by comparison. In contrast, propensity to buy is still at a very high level. GfK forecasts a decrease in consumer climate for May of 0.1 points in comparison to the previous month to 10.8 points. 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. Economic expectations suffered a considerable setback in April. In the wake of this, income expectations also fell, but to a much smaller extent. In contrast, propensity to buy maintained its already very high level.
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