German consumer climate rises in June; Despite economic crisis consumers are in mood to buy
Jun 23rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
After several months of stagnation, the mood of consumers in Germany is once again showing a slight upwards trend, with economic and income expectations on the in-crease and the propensity to buy also improving slightly, according to the Gfk research group's monthly report. The over-all indicator is forecasting a value of 2.9 points for July 2009, following a revised value of 2.6 points in June, and is therefore climbing slightly following a period of stability. However, the consumer climate remains at a low level overall.