The mood among German consumers is improving as the year draws to a close despite an increase in threat levels across Europe following the Paris terrorist attacks, according to the latest survey of sentiment by GfK.
GfK’s consumer confidence survey has nudged up to 9.4 points from 9.3 previously, ending four consecutive months of decline.
Consumers’ expectations for the German economy and their own levels of income have both improved, according to GfK while their propensity to splash out and buy goods is “extremely high level”.
GfK said:
The terrorist attacks in Paris in mid-November and the resulting increased terror threat in Germany do not seem to be impacting German consumers. Consumer mood has been continuing to improve in the last month of this year.