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Home International Customs Germany

Germany consumer confidence strong

byCT Report
26/05/2016
in Germany
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BERLIN: A closely watched survey showed consumers remain confident, but underlying figures indicate rising financial concerns amid negotiations over Greek debt and the possibility of a British exit from the EU.

The GfK research group yesterday said its forward-looking consumer climate index rose to 9.8 points for next month from 9.7 this month, driven by increases in consumers’ expectations about the general economic situation and their own propensity to buy.

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At the same time, the survey of 2,000 consumers showed increasing concerns about their own financial situation over the next year.

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