FOREX TradingCharts.com

Financial News: German GfK Consumer Confidence To Improve In February

German GfK Consumer Confidence To Improve In February

01/26/2017 - 03:13:00 (RTTNews)

(RTTNews) - German consumer confidence is set to strengthen further in February on high employment and income growth, survey results from the market research group GfK showed Thursday.

The forward-looking consumer sentiment index rose more-than-expected to 10.2 in February from 9.9 in January. The score was forecast to climb to 10.0.

Economic and income expectations as well as the propensity to buy strengthened in January.

Economic expectations continued its upward trend into the new year. The indicator climbed for the fourth time in a row, by 5.2 points to reach 21.6 points, the highest in one-and-a-half years.

Consumers believe the solid growth trend in Germany will continue. This assessment was underpinned by the official data showing 1.9 percent economic growth in 2016, which was the fastest in five years.

The economy ministry said on Wednesday that the largest euro area economy is likely to grow at a pace of 1.4 percent this year but slower than in the previous year.

The GfK survey suggested that the terrorist attack in Berlin just before Christmas did not impair economic optimism in the long term.

Consumers viewed the stable labor market conditions, increased rates of employment, and the resulting favorable income growth as significantly more important.

The income expectation index climbed 2.7 points to 58.3, thanks to strong optimism. Nonetheless, the GfK cautioned that there is a greater risk of income suffering in real terms due to the recent increase in inflation.

As a result of better income prospects, the propensity to buy grew significantly in January. The propensity to buy improved after a moderate fall in December. The indicator moved up 9.6 points to 57.6 in January.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong GDP Growth To Improve In 2017 (07 min(s), 54 sec(s) ago)
(RTTNews) - Hong Kong's economic growth is forecast to improve this year, driven by domestic d ...Full Story»

European Economics Preview: Germany's Ifo Business Confidence Due (15 min(s), 54 sec(s) ago)
(RTTNews) - Ifo business confidence survey from Germany and quarterly national accounts from the U ...Full Story»

China Home Prices Rise In January (19 min(s), 54 sec(s) ago)
(RTTNews) - House prices in majority of the Chinese cities increased at the start of the year, fig ...Full Story»

Malaysia Jan Inflation Accelerates More Than Expected (05 min(s), 06 sec(s) ago)
(RTTNews) - Malaysia's consumer price inflation accelerated at a faster-than-expected pace in ...Full Story»

Hong Kong GDP To Expand 2-3% In 2017 (43 min(s), 06 sec(s) ago)
(RTTNews) - Hong Kong's economy is forecast to grow 2-3 percent this year, Financial Secretary ...Full Story»

New Zealand Credit Card Spending Rises For Second Month (35 min(s), 06 sec(s) ago)
(RTTNews) - Total credit card spending in New Zealand increased for the second straight month in J ...Full Story»

Australia Q4 Construction Work Falls 0.2% (06 sec(s) ago)
(RTTNews) - The total value of construction work done in Australia fell a seasonally adjusted 0.2 ...Full Story»

Australia Construction Work Done Dips 0.2% In Q4 (25 min(s), 06 sec(s) ago)
(RTTNews) - The total value of construction work done in Australia was down a seasonally adjusted ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong GDP Growth To Improve In 2017

02/22/2017 - 01:21 AM (RTTNews)
(RTTNews) - Hong Kong's economic growth is forecast to improve this year, driven by domestic d ...Full Story>>

European Economics Preview: Germany's Ifo Business Confidence Due

02/22/2017 - 01:13 AM (RTTNews)
(RTTNews) - Ifo business confidence survey from Germany and quarterly national accounts from the U ...Full Story>>

China Home Prices Rise In January

02/22/2017 - 01:09 AM (RTTNews)
(RTTNews) - House prices in majority of the Chinese cities increased at the start of the year, fig ...Full Story>>

Malaysia Jan Inflation Accelerates More Than Expected

02/21/2017 - 23:34 PM (RTTNews)
(RTTNews) - Malaysia's consumer price inflation accelerated at a faster-than-expected pace in ...Full Story>>

Hong Kong GDP To Expand 2-3% In 2017

02/21/2017 - 23:12 PM (RTTNews)
(RTTNews) - Hong Kong's economy is forecast to grow 2-3 percent this year, Financial Secretary ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.