Germany Gfk Consumer Sentiment for February rose to 9.9, up from 9.7, beat expectation of 9.8. Economic Expectations also rose from -4.4 to -3.7.
Rolf Bürkl, GfK consumer expert: “Initial agreements in the trade dispute between the United States and China will also ease the situation in Germany. As an export nation, the country relies on the free and unrestricted exchange of goods.”
“The positive start for the consumer climate in 2020 confirms our assessment that private consumption will continue to be an important pillar of the German economy this year. For the year as a whole, GfK forecasts real growth in private consumer spending in Germany of one percent.”
