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Germany Gfk consumer climate rose to -6.2, just a flash in the pan

Germany Gfk Consumer Climate for April improved to -6.2, up from -12.7, above expectation of -11.8. For March, economic expectations rose from 8.0 to 17.7. Income expectations rose from 6.5 to 22.3. Propensity to buy also rose from 7.4 to 12.3.

Rolf Bürkl, GfK consumer expert: “The hard lockdown will severely damage consumer confidence and the current improvement will remain a flash in the pan. A sustained recovery in consumer confidence will continue to be a long time coming — which means difficult times ahead for retailers and manufacturers.”

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