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MNI BRIEF: German Consumer Sentiment Steadies - GfK

GfK's German consumer confidence seen at -6.7 in February from January's revised -6.9.

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