US EditionGerman consumer sentiment dips in July due to rising savings appetite, finds GfK
11 Articles
11 Articles
A recent survey showed a decline in Germans' appetite for spending, with a growing tendency to save despite improved economic prospects and income, hindering the economic recovery through private consumption...
The consumer climate in Germany has deteriorated slightly.
German consumer sentiment dips in July due to rising savings appetite, finds GfK
BERLIN (Reuters) -German consumer sentiment is set to edge lower heading into July as households’ increased willingness to save counteracts improving income prospects, a survey indicated on Thursday. The consumer sentiment index, published by GfK market research institute and the Nuremberg Institute for Market Decisions (NIM), fell to -20.3 points from a slightly revised -20.0 points the month before. Analysts polled by Reuters had predicted a s…
Bankinter Market Consensus Consumer Confidence (July) surprises down to -20,3 vs -19,3 expected and -20,0 previously (reviewed since -19,9). Review team opinion: Bad fact, even so confidence is located at levels close to the peaks of the last 3 years. Optimism among consumers falls in the face of the lack of agreement between the US and the EU on tariff matters less than two weeks from the deadline given by Trump. It should be remembered that f…
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