German consumer climate virtually stable but economic expectations have fallen sharply
Feb 24th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The market research firm GfK's German consumer climate survey shows that the index will remain virtually stable in March, with a marginal loss of 0.1 points. However, economic expectations have fallen sharply and both income expectations and the propensity to buy have dropped back slightly. The overall indicator is forecasting a value of 3.2 points for March 2010, following a revised value of 3.3 points in February. Anticipation of an increasingly difficult situation on the labour market in the coming months is overshadowing the positive effects of Germany’s Economic Growth Acceleration Act, and causing the income expectations of Germans to stagnate.