Home / Knowledge / News / Textiles / German consumer climate positive in Sept: GfK

German consumer climate positive in Sept: GfK

07
Oct '18
Courtesy: GFK
Courtesy: GFK
The consumer climate in Germany mostly witnessed positive developments in September with both economic and income expectations on the rise, according to Germany's largest market research company GfK. However, the propensity to buy dropped slightly. GfK forecasts a minor rise of 0.1 points in consumer climate compared to August, moving to 10.6 points.

As the propensity to save has not changed, consumer climate thus rose slightly, according to press release from GfK.

In September, economic expectations increased by 4.9 points to 27.1 points. The dip for the six months or so leading into July therefore, seems to be over and the indicator is, once again, on an upward trajectory. However, compared to the previous year, the indicator is still down by a good six points.

Neither the trade dispute between the European Union and the United States nor the threat of a hard Brexit seem to be restricting long-term economic optimism. Consumers perceive Germany's growth to be stable even though the economic dynamism of recent years has dropped off somewhat, says GfK.

Income expectations also grew in September to 57.9 points—the highest been in an year. The indicator measured 61.4 points in August 2017.

The persistence of an excellent labour market has offered sound conditions for solid income growth for employees this year.

Despite slight losses, Germans' desire to spend remains intact. The indicator fell by 2.3 points in September to 52.9 points, which is still very high. Germans remain in the mood to spend. The excellent position of the labor market provides employees with a high level of confidence in their job security as well. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

British luxury brands eye US market post Brexit

Fashion | On 13th Nov 2018

British luxury brands eye US market post Brexit

British luxury brands are exploring the US market to forge new and...

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Apparel/Garments | On 13th Nov 2018

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Foreign direct investments (FDI) in Myanmar will be hit if the...

UK parliament panel asks fast fashion firms for answers

Apparel/Garments | On 13th Nov 2018

UK parliament panel asks fast fashion firms for answers

The Environmental Audit Committee in the United Kingdom has called on ...

Interviews View All

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search