Germany Nov GFK consumer confidence survey now out 26 Oct

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The Gfk German Consumer Climate Index measures the level of consumer confidence in economic activity. The data is compiled from a survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions.

Not usually price changing data and not today with ECB the far bigger focus.

Say GFK:

  • second straight decline
  • consumer mood in first survey since German federal elections not sending clear signals.
  • both economic expectations and propensity to buy on the rise
  • income expectations fell for the second time in a row.

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