German consumer morale worsens more than anticipated

German consumer morale worsens more than anticipated

The upbeat mood among German shoppers worsened a bit more than anticipated heading into March. That’s what a poll disclosed on Wednesday, hinting that political worries could be putting pressure on a consumer-led upswing in the European Union’s leading economy

Household spending has managed to overtake exports because Germany's key source of economic expansion for the last time such as increased job security, record-high employment, above-inflation pay hikes as well as low borrowing costs all make shoppers shell out more.

However, the Nuremberg-based GfK institute told that its consumer sentiment gauge, built around a poll of approximately 2,000 German citizens, dived to 10.8 points going into March versus February’s outcome of 11.0 that turned to be the highest reading since 2001.

The GfK poll was carried out from January 26 to February 9, mostly during everlasting coalition negotiations between Chancellor Angela Merkel's conservatives as well as the Social Democrats that ended up with a pact on February 7.

On the month GfK's subindex measuring income hopes dived 3 points to a three-month minimum of 53.8. Meanwhile, consumers' propensity to purchase sank by 4.1 points hitting 56.3 that turned to be the lowest outcomes since July.

The sub-index gauging overall economic hopes inched down to 45.6 points versus 54.4 in January, although it still stood above levels observed a year ago.

Notwithstanding losses in February, consumers are filled with optimism as for economic prospects.

The DIHK Chambers of Industry and Commerce hopes the German economy would ascend by 2.7% in 2018 that would be the strongest tempo since 2011.

The GfK data followed other sentiment polls, which revealed that in February German business morale worsened more than anticipated because a stronger common currency clouded the outlook of exporters, while investor morale edged down too.




Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Latest news

Crucial News For The Following Week
Crucial News For The Following Week

Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!

Focus on Banks' Meeting and NFP
Focus on Banks' Meeting and NFP

The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera