Consumers in Germany remain in view of low heating oil and gasoline prices also at the beginning of further elated. Consumer sentiment has risen to its highest level in 13 years in January, the GfK market research company said in Nuremberg on Wednesday. The willingness of German households have major purchase as well as the income expectations in January grew strongly.
In the meantime, see the Germans and the German economy on the upswing. After growing economic skepticism in the past year doing increasingly among the more than 1,000 respondents confidence wide. For the second consecutive year, the indicator has improved noticeably for the economic outlook, reports GfK.
also the desire to buy the Germans apparently unstoppable. For the fourth consecutive year in January to put the so-called propensity, the corresponding indicator rose to an eight-year high. Higher the value was last located at the end of 2006, when the then imminent VAT increase, many consumers had led to early purchases.
The main reason for the positive development of consumer confidence is the fact that oil prices have dropped by more than half since last summer. The low energy prices have been estimated by the GfK experts Rolf Bürkl together with the significant devaluation of the euro as an economic stimulus for the German economy. “Certainly, the depreciation of the euro is rated positively by consumers because it stren gthens our exports
and thus makes workplaces safer,” Bürkl said.
The GfK survey also shows that low inflation is a driving force for good consumer sentiment. “The absence of inflation from the perspective of the consumer initially a positive development,” said Bürkl. Last inflation in Germany had fallen in December due to falling oil prices to just 0.2 percent, and the trend is decreasing.
Here you can acquire rights to this article
<- ========= confirmation page.! Will be loaded by JS if submission is successful === ============ ->