Skip to content
Magazine
Sunday, August 3, 2025
SUBSCRIBE
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
SUBSCRIBE

German consumer sentiment continues to recover slowly

Shiva Singh by Shiva Singh
21 December 2022
in Belgium Business And Economy News
Wiesbaden,germany-feb,18:saturn,Store,On,February,18,2015,In,Wiesbaden,germany.saturn,Is,A

WIESBADEN,GERMANY-FEB 18:SATURN store on February 18,2015 in Wiesbaden,Germany.Saturn is a German chain of electronics stores, now found in several European countries.

Belgium, (Brussels Morning Newspaper) The monthly survey by GfK institute shows that consumer sentiment in Germany continues to recover slowly.

Positive trends are set to continue in 2023 as government aid measures aimed at cushioning the blow of rising energy prices appear to be effective, according to Reuters reporting on Wednesday.

GfK noted that its consumer sentiment index heading into January stands at negative 37.8 points, slightly higher compared to negative 40.1 in December and barely above analysts’ expectations of negative 38.

GfK consumer expert Rolf Bürkl noted “with the third rise in a row, the consumer climate is slowly working its way out of the trough… the light at the end of the tunnel is getting a little brighter.”

Despite growth, consumer sentiment is still very low as negative 42.8 points in October was the lowest level in more than a decade. GfK pointed out that negative values suggest annual decline in personal consumption.

Bürkl warned that recovery is flimsy and could be reversed, for instance, by sharp growth of energy prices. “The light at the end of the tunnel would become darker again very quickly, or even go out altogether,” he stressed.

All sub-indices up

GfK pointed out that all consumer sentiment sub-indices grew in December, with income expectations jumping from negative 54.3 points to negative 43.4 due to moderate growth of energy prices and one-off natural gas aid for households.

The willingness to buy sub-index increased from negative 18.6 points to negative 16.3, with GfK noting that the indicator represents the ratio between negative and positive responses to the question “do you think now is a good time to buy major items,” which reflects consumers’ expectations about household finances in the coming year.

The business cycle expectations sub-index recovered from negative 17.9 points to negative 10.3, which indicates consumers’ expectations of general economic trends in the next 12 months.

The institute reiterated that index values below zero indicate annual decline, stressing that one point corresponds to annual change of 0.1%.Last month, data showed the German economy grew 0.4% on quarterly level in Q3, indicating that the economic downturn will not be as severe as initially expected.

Related News:

  • German consumer confidence continues to decline
  • Spanish labour market continues to recover
  • German economy could recover by 2022
  • European Parliament’s Latest Eurobarometer: Public Sentiment Shifts Ahead of June Elections
Tags: Brussels LatestNews
Next Post

EC approves expansion of Italian aid scheme

Latest post

EU-elections-UK

EU elections: UK looks on from the “outside”

1 year ago
Galeries-Royales-Saint-Hubert

What Makes Galeries Royales Saint-Hubert an “Institution”?

1 year ago

Most Read

    Follow Brussels Morning
    Facebook Twitter Youtube Linkedin

    Browse Important News

    Belgium News
    Brussels News
    Culture and Society News
    Economy News
    EU Institutions News
    European Commission News
    European Council News
    European Parliament News
    Europe News
    Health And Fitness News
    Southeast Europe News
    Sustainable Perspective
    World News
    Diplomacy News
    US Elections News

    About Us

    Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

    More Info

    • About Us
    • Advertise With Us
    • Contact Us
    • Cookies Policy

    Join Our Newsletter

    Brussels Morning Newspaper – All Rights Reserved © 2024

    No Result
    View All Result
    • Home
    • About Us
    • Belgium News
      • Belgium Police News
      • Brussels News
    • Brussels Bubble
      • European Parliament News
      • European Commission News
      • European Council News
    • Wider Europe
      • Member States
    • World News
    • Business & Society
    • Europe With Transparency
    • Culture & Society
    • Policy Talks
      • Place de la Bourse
      • The Macro-Economist
      • Sustainable Perspective
      • Ambassador’s Corner
      • The American Angle
      • Southeast Europe
    • Print Magazine

    Brussels Morning Newspaper - All Rights Reserved © 2020

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT