German Consumer Sentiment Gets Boost for June but Households Still Thrifty, GfK Finds

For the third month in a row, the consumer mood in Germany is a bit brighter. The GfK consumer climate calculated for June rose by 0.9 points. "Many households can record real purchasing power gains", says consumer researcher Rolf Bürkl.

Among the people in Germany, caution prevails when buying and saving. The consumer climate remains weak. However, experts also say: a trend reversal is wavering.

The economic situation is expected to continue to recover in June. Market researchers rate incomes and economic activity more optimistically. However, it is too early for a turnaround. The German Chamber of Industry and Commerce is also skeptical.

German consumer sentiment gets boost for June but households still thrifty, GfK finds

By Rachel More BERLIN (Reuters) -German consumer sentiment is set to improve again slightly heading into June but households’ hesitancy to spend remains an obstacle to any stronger recovery in Europe’s biggest economy, a survey indicated on Tuesday. The consumer sentiment index, published by GfK market research institute and the Nuremberg Institute for Market Decisions (NIM), rose by 0.9 points month on month to -19.9 points, just below an avera…

Increasing living costs force Germans to rethink their spending. Leisure activities and restaurant visits are particularly affected.

German consumer morale inches up but US trade policy weighs

German consumer sentiment inched up heading into June, a key survey showed Tuesday, but erratic US trade policy and a glum domestic economic outlook kept the gauge at low levels. The forward-looking indicator, published by pollsters GfK and the Nuremberg Institute for Market Decisions (NIM), came in at minus 19.9 points, a rise of 0.9 from the previous month. It was the third-straight increase for the regular survey of about 2,000 people, which …