The buying mood continues unabated

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Consumers

The buying mood continues unabated

Consumers in Germany are still good things. The consumer climate will be in March to slightly improve after it in February at a high level stagnates had.

That explained the market research company GfK on Thursday in Nuremberg. Main reason for this were the significantly increased Expectations of the consumer. The results indicated that the Germans still not through the intensive discussions about a sustainable solution to the refugee crisis affecting them. Also the still existing “acute threats” to worry is apparently not for the uncertainty among the consumers.

According to GfK increases the consumer confidence index from February to March easily from 9.4 to 9.5 points. An important reason for this is the “excellent” Constitution of the German labour market, explained the Konsumforscher.

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The positive news from the labour market are also the main reason for the increased expectations of the income. This has been reected also in the demands of the unions for the next round of negotiation. The IG Metall about calls for five percent more wages for the employees of the industry.

The stable employment situation, and the little widespread concern about the loss of employment are according to GfK, a major reason why also the buying mood of German is still at a high level. Only the economic expectations of the citizens worsened in Vormonatsvergleich easily.

Consumer Rock in the Surf

“With the pleasing Start the consumer climate in Germany in this year are the fundamentals that, even 2016 is a good Konsumjahr can be,” explained the researchers. You see but also the dangers: in Addition to the refugee crisis and the ongoing terror threat are therefore the falling energy prices. In the medium to long term could be the development lead that the Investment is impaired will and this in turn has a negative impact on the labour market auswirke.

Also, the sustained economic slowdown in emerging markets such as China, Brazil or Russia could be the exportlastige German economy “lasting damage”. The market research firm asked for its Index each month, around 2000 consumers.

Analysts have been pleasantly surprised about the unexpected increase in the consumer climate in Germany is shown. “Despite poorer sentiment indicators in other Parts of the economy is the German Consumer is optimistic,” said Ulrike Kastens of Sal. Oppenheim. “Especially positive is the stable willingness to buy among consumers in the coming months the consumption will be based. The savings rate has recently risen, the Expectations are good, the labour market and interest rates are low. To the consumption, one must currently not have to Worry.”

“German consumers are proving to be a Rock in the Surf,” adds Andreas Scheuerle of Dekabank. “Despite the global Schwächeanzeichen has the buying mood – against the European Trend. The economic risks are not hidden, but thanks to the stable labour market, rising wages and low Inflation increases the income expectations. The image of the robust German domestic demand will Once again be underlined.”

wen/ul (dpa, rtrd)