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- Germany Gfk consumer confidence index unexpectedly fell
Germany Gfk consumer confidence index unexpectedly fell
According to the report from GfK Group, overall, consumer mood in March 2019 looks somewhat more balanced than in the previous month. Economic expectations are increasing again. However, both income expectations and propensity to buy have decreased somewhat.
For April, GfK is predicting a consumer climate value of 10.4 points, following a revised March figure of 10.7 points.
With the current increase, the collapse in economic expectations has been halted - for the time being at least. Moreover, the gap between the economic indicator and income expectations is continuing to close. This is because the latter has had to concede something of its very good level. The same goes for propensity to buy which has also taken hits. As a result, the consumer climate has suffered a slight setback following a pleasing start to 2019.
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