German Gfk consumer confidence index climbs to 9.7 in May

Noticias del mercado

27 abril 2016

German Gfk consumer confidence index climbs to 9.7 in May

Market research group GfK released its consumer confidence index for Germany on Wednesday. German Gfk consumer confidence index climbed to 9.7 in May from 9.4 in April. Analysts had expected the index to remain unchanged at 9.4.

The economic expectations index increased by 5.8 points to 6.3 points in April, while the willingness to buy index rose by 5.4 points to 55.4.

The income expectations index were up by 7.0 points to 57.5 in April.

"Consumers are clearly assuming that the German economy will regain some momentum in the coming months," Gfk noted.

German import prices are up 0.2% in March

Retail sales in Spain rise at a seasonally adjusted rate of 0.5% in March

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