Not quite on the level of the previous month, but almost: The German consumers are currently in a good consumer sentiment, the GfK for the month of June has been. However, the money is loose so.
German consumer sentiment is close to the level of the previous month and for the current survey month of June, at 10.1 points and 0.1 meter below the may value. This is on an ordinary Level, yet the lowest level for well over two years, as the GfK market researchers on Tuesday said its monthly survey of 2000 consumers.
Own financial situation and, well…
German consumers to estimate their future financial situation slightly better than before. The income expectations showed a very high stability to an already very high level, GfK consumption expert Rolf Bürkl. The indicator rose by 0.9 points to 57.7 points. Reasons for the good situation on the labour market, the “significant” pension increases in July and the average of the rate of inflation and the underlying collective agreements, be the expert stressed.
But: the money is for larger purchases, not quite as loose as before. “The consumer mood is still unabated,” said GfK-expert Rolf Bürkl. “This is due to the General overall economic uncertainty, a very positive message.”
…economic expectations crumble
Small Ballast in the survey: Economic expectations of the respondents shows further down: “for an export nation, Germany’s persistent trade conflicts as a threat. This applies in a similar manner, for a period of economic weakness on export markets.”
The GfK expects private consumption expenditure this year in real terms to increase by about 1.5 percent. Domestic demand remain an important pillar of the economy. “The remains also, in the future, so it is not necessary that the uncertainty increase due to the trade dispute with the USA and the debate about Brexit,” said Bürkl.
FROM
source: boerse.ard.de
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