German consumer climate remains robust in April
Apr 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Despite the economic crisis, German consumer climate continued to be stable this April, according to market research group Gfk. After a slight drop in the previous month, economic and income expectations were even slightly up. Although consumer propensity to buy declined somewhat, it nevertheless remained at a robust level. The overall indicator is forecasting a value of 2.5 points for May, following a revised value, also of 2.5 points, for April. The the consumer climate index is proving to be surprisingly resilient in the face of all the gloomy predictions.