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German consumer confidence seen steadying in Feb - GfK

GERMAN DATA

German consumer confidence looks set to steady in February, a flash release from Gfk shows, rising to 0.2 points to -6.7 from a revised January reading of -6.9.

  • Despite higher inflation, "consumers are once again showing some optimism at the beginning of the year,” said Gfk'S Rolf Burkl.
  • The full January report suggests Germans are more upbeat on income expectations, with an increase in 10 points on December to 16.9.
  • According to the report, consumers are expecting price trends to ease to some degree this year, although hoping higher prices will also lead to corresponding wage increases.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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