German consumer climate up to 10 points

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Thursday, Mar 26 2015

German consumers are becoming ever more optimistic. Following a value of 9.7 points in March 2015, the overall indicator of German consumer is forecasting 10.0 points for April. Analysts were anticipating smaller increase to 9.8 points.Increases were once again recorded in both economic and income expectations as well as willingness to buy.

The tug of war in Europe over the future of Greece is currently having no impact whatsoever on the consumer mood of Germans. Consumers consider the German economy to be on clear upward trend based on a weak euro, which is boosting exports, and lower energy costs. In the wake of an improving economic outlook, income expectations and willingness to buy also rose further to again surpass the record value of the previous month.

After the data euro was pushed higher and is currently being traded few points below 1.10 handle. Pair is likely to find support around 1.0940 and resistance above 1.1050 area. Later today, M3 Money Supply figures are scheduled for a release.

More in this category: « Durable Goods Orders unexpectedly fell in February M3 Money Supply increased less than expected »

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