- Analytics
- News and Tools
- Market News
- German Gfk consumer confidence index declines to 9.3 in December
German Gfk consumer confidence index declines to 9.3 in December
Market research group GfK released its consumer confidence index for Germany on Friday. German Gfk consumer confidence index fell to 9.3 in December from 9.4 in November, beating expectations for a drop to 9.2.
The decrease was driven by declines in 2 of 3 indicators.
The economic expectations index plunged by 2.4 points to -5.3 points in November, while the willingness to buy index increased 3.0 points to 48.9.
The income expectations index fell by 3.3 points to 44.4 in November.
"German consumer confidence is continuing to wane, while economic expectations are maintaining their downward trend. The persistently high influx of asylum seekers has seen economic optimism fall further, and has also had a detrimental effect on the income expectations indicator, which has also experienced losses. In contrast, the propensity to consume is currently bucking this trend and, despite the general economic downturn, actually increased this month," Gfk noted.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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 pr@teletrade.global.
Bank transfers
