German consumers continued to be in an optimistic mood at the onset
of summer.Economic and income expectations increased further, but
willingness to buy fellslightly at an extremely high level. Following a
value of 6.5 points in June,the overall indicator is forecasting 6.8
points for July. Optimism appears to beunbroken. The income outlook of
Germans has improved further from an alreadyhigh level on account of the
stable employment situation and good collectivebargaining agreements,
which have also benefited economic expectations . Incontrast,
willingness to buy dropped slightly this month, but still remained atan
extremely good level. The upward trend in the consumer climate is
alsoenhanced by the continually falling propensity to save, which has
reached arecord low.
Source by Commodity Insights
No comments:
Post a Comment