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Germany shows slight improvement in consumer climate
29-01-2013 08:00
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The present calm situation in financial markets has caused German consumers to become more confident again at the start of 2013, Tuesday's GfK Consumer Climate study for February shows.
Following a revised 5.7 point reading for January, the overall indicator edged up to 5.8 points this month. GfK notes that despite the difficult economic situation in Germany, "consumers are expecting gradual revival in the economy over the course of this year".
According to the survey, income expectations and willingness to buy have "improved noticeably" and the economic outlook is "a little less pessimistic" than in the previous month.
JM
Following a revised 5.7 point reading for January, the overall indicator edged up to 5.8 points this month. GfK notes that despite the difficult economic situation in Germany, "consumers are expecting gradual revival in the economy over the course of this year".
According to the survey, income expectations and willingness to buy have "improved noticeably" and the economic outlook is "a little less pessimistic" than in the previous month.
JM
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