Germany.info : Information Services: Publications: The Week in Germany

Germany.info Home: Information Services: Publications: The Week in Germany

The Week in Germany: Business, Technology and the Environment

June 29, 2007

Consumer Confidence Buoyant in Germany, Key Indicators Show

Cha-ching! Consumer spending in Germany is strong

Germany's buoyant growth and a willingness to buy is fuelling consumer confidence in Europe's biggest economy, a key indicator showed Monday (25 June).

A survey by the Nuremberg-based GfK market research organization showed the overall consumer climate index had grown from a revised 7.4 in June to 8.4 in July.

Along with a positive trend in income expectations, the propensity to buy is again making a significant contribution to the upturn in the consumer climate, the GfK said.

After a weak phase caused by a 3 per cent VAT increase from January 1, the indicator has now risen four times in a row.

"In the light of the current general climate, it is reasonable to assume that the upswing in the consumer climate will be sustained into the coming months," the GfK said.

On the economic front, the rapid recovery of the job market and a continuing advantageous global economy are ensuring that the positive economic climate will continue through the beginning of summer, it added. (dpa)

Back to the Front Page

Current Headlines

Introducing
The German Information Center