Tourexpi
Consumer
morale in Germany is projected to worsen in February, according to data
released on Wednesday.
Market
research company GfK have expected minus 22.4 points for consumer sentiment in
February, down 1 point from January's downwardly revised figure of minus 21.4
points.
"The
Consumer Climate has suffered another setback and starts gloomy into the new
year. The few hopes of a cautious recovery that emerged after the rise in the
previous month were dashed," said Rolf Bürkl, consumer expert at NIM.
"A
sustainable recovery in the Consumer Climate is currently not in sight,
especially as the inflation rate has also risen again recently," he added.
The
income expectations of consumers also fell 2.5 points in February and currently
stand at minus 1.1 points.
The
propensity to buy lost 3 points and stand at minus 8.4.
Consumers'
confidence in economy fell 1.9 points to a current value of minus 1.6.
Image
Credit: © AA
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