After a splendid start into 2017, consumer confidence in Germany suffers a minor setback in February. Both economic and income expectations, as well as propensity to buy are expected to decline. The consumer climate forecast for March is at 10.0 points following a level of 10.2 in February. The change of administration in the United States and the considerable recent increase in inflation have put a damper on the generally positive consumer mood in February.

As a result, expectations for the economy and income forfeited a major part of their gains from previous months. Pulled down by the lowered income expectations, propensity to buy also dropped moderately. Economic expectation: tangible