Economic Buzz: German GfK Consumer Confidence Set To Ease Slightly In March

Economic Buzz: German GfK Consumer Confidence Set To Ease Slightly In March

Feb 20, 2020 09:02 IST capital market

Germanys consumer confidence is set to ease slightly in March, as a modest gain in economic expectations were offset by moderate losses in income outlook and the propensity to buy, results of a monthly survey by the market research firm GfK showed on Thursday. The forward-looking GfK consumer confidence index fell to 9.8 points for March from 9.9 in February. The economic expectations index increased for the second time in a row. The indicator rose 4.9 points to reach 1.2 points in February. This was just slightly higher than its long-term average of around 0 points. Amid the weak periods of economic activity caused by the trade conflict between the US and China and the coronavirus, the signals from the German labor market remain encouraging, the Nuremberg-based GfK said. Meanwhile, the income expectations failed indicator dropped by 3.4 points to 41.2, yet remained at a high level.

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