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(MNI) LONDON
(MNI) London
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
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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