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- The upswing in mood among German consumers continues in June - GfK
The upswing in mood among German consumers continues in June - GfK
The upswing in mood among German consumers continues in June this year. Both economic and income expectations, as well as propensity to buy, are on the rise. GfK predicts an increase in consumer climate of 0.2 points to 10.6 points for July compared to the previous month.
German citizens view the domestic economy as being in excellent shape at the start of the summer. This is shown in the significant increase in economic expectations in June, taking them to a three year high. Income expectations are increasing moderately and have even climbed to their highest level since the German reunification. Propensity to consume is able to benefit from this with moderate growth.
From the point of view of the consumer, the German economic engine is still accelerating. Economic outlook climbs in June for the fourth time in a row. After gaining a significant 6.5 points, the indicator has now reached 41.3 points. This is the highest level for almost three years. The last time a higher value was measured, was 45.9 points in July 2014.
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