Despite refugee crisis, terrorist threat and shaky stock markets, the Germans keep their shopping cravings. The barometer of the Society for Consumer Research (GfK) rose in March from 9.4 to 9.5 points. As long as the economy are stable and secure jobs likely to remain at the trend, said the GfK consumer researcher Rolf Bürkl.
Although the expectations of citizens have taken to the economic development, according to GfK last something, the willingness to However, major purchases remained unbroken. Especially the stable labor market and the continued growth in demand for labor affect currently positive effect on consumption.“Then probably has also been added that now the first trade union demands have been added with regard to the collective bargaining rounds” Bürkl said. “The workers know that this is not the conclusion, but the demand is raising hopes for a good tariff income growth this year.” The public service unions want six percent more content for more than two million employees of the federal government and municipalities.
Currently, the good labor market situation urge factors such as the refugee crisis the latent terrorist threat and economic downturns in a number of emerging economies such as China in the background. “After the experience of recent years, I assume that the mood can develop stable as long as the fear of unemployment is low,” said Bürkl.
While consumers go according Bürkl assume that unemployment is rising due to the total number entering the labor market Refugees. The proportion of those who fear losing their jobs, have, however, not changed significantly over the past year.
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