Thu, Aug 18, 2022 @ 16:13 GMT
HomeLive CommentsGermany Gfk consumer sentiment plunged to -26.5, new historic low

Germany Gfk consumer sentiment plunged to -26.5, new historic low

Germany Gfk consumer sentiment for May dropped significantly from -15.7 to -26.5, well below expectation of -15.7. That’s the second month of decline, as well as a new historic low.

Looking at some details for April, economic expectations plunged from -8.9 to -16.4. Income expectations dropped from -22.1 to -31.3. Propensity to buy dropped from -2.1 to -10.6.

“The war in Ukraine and rates of high inflation have dealt a severe blow to consumer sentiment. This means that hopes of a recovery from the easing of pandemic-related restrictions have finally been dashed,” explains Rolf Bürkl, GfK consumer expert.

Full release here.

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