The German market research institute, GfK, revealed that the consumer climate in Germany for March 2019 was “somewhat more balanced than in the previous month.” Even though this is the case, the study showed that income expectations and tendency to buy have seen a drop.
The figure predicted by GfK for April has now been re-evaluated, and show a consumer climate value of 10.4, compared to the previous forecast in March of 10.7 points. As a result, the indicator’s positive start to 2019 has taken its first setback.
The tendency to buy has seen a decrease of 3.4 points for March, as the indicator now shows a value of 50.2 points. “This is the lowest value for more than two years,” the study revealed.
The study stated that consumption will be an important pillar of economic development in Germany this year. Forecasts for consumer confidence is, however, dependent on the assumption that the uncertainty caused by Brexit and the trade conflict does not increase further.
The most important factor for consumer confidence to see no further reductions is the fact that there should be no further uncertainty on the job market front because the more uncertain workers are about their employment, the less money they are likely to spend.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2022. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.