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German Consumer Climate up to 9.0 points

Friday, Dec 19 2014
Development of consumer sentiment in Germany has been very robust in December, with the consumer climate maintaining its upward trend. Following a value of 8.7 points in December, the overall indicator is forecasting 9.0 points for January 2015. This was in linewith market forecasts. Economic expectations and willingness to buy are improving, while income expectations have declined. 
 
Evidently consumers currently assume that the phase of economic weakness in Germany will be temporary and are expecting their domestic economy to return to growth over the coming months. This is reflected in the considerable increase recorded in economic expectations this December. The willingness to consume has also once again risen slightly and therefore further improved on its already extremely high level. In contrast, income expectations have fallen. The propensity to save has plummeted to a record low. This has contributed to the further improvement in the consumer climate as the year draws to a close.
 
Data did not have any major impact on tjemarket wit euro remaining around 1.2290 level. We can expect a steadier rest of the session since there will be no data releases in the US session.
More in this category: « Unemployment Claims decreased to 289,000 Public sector net borrowing was £13.4 billion in November »

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