Economy – consumers in the mood for summer – Süddeutsche.de

Direct from the dpa news channel

Nuremberg (dpa) – Consumer confidence in the German economy is brightening after a dip at the turn further on. The consumer confidence index sets for July, the third time in a row, as GfK market research institute announced in Nuremberg.

The value increased by 0.3 points to 10.1. The income expectations of German even jumped to its best ever since reunification. Only the willingness to make major purchases decreased compared with the previous month decreased slightly.

However, could the EU decision of the British to leave, can dampen the further economic development in the euro zone. The head of the European Central Bank (ECB), Mario Draghi, warned that growth in the next three years, therefore, be lower together by 0.3 to 0.5 percentage points could be used as previously thought.

In Germany the situation according to estimates by GfK expert Rolf Bürkl currently stable. A good employment situation, pending tariff and pension increases, a very low inflation – the general conditions for confidence in the economy are very low, he said. . Thus, the economic expectations rose significantly by 9.7 points to 18 points to – a high since June 2015

This trend also has an impact on the income expectations of German: With 59.6 points, the value is on a highest level since reunification. Because of the good environment this is, however, “is not so surprising,” said Bürkl. The increase in pensions from July 1 about caring for a significant increase in purchasing power.

Partly declined the propensity of consumers. She walked by 3.3 meter back to 54.4 points. After twelve-month high in June should this decline, however, not be overestimated, Bürkl said. “The level is still very high.”

After Proposed referendum on United Kingdom membership of the European Union-vote of the British, the expert calls for a quick start of negotiations between the EU and the UK. “Should be a stalemate, there is a risk that consumers will be confused.”

The fear of job losses could then lead to a willingness to make major purchases declining. However, it is my hope that the consumer – as already during the euro debt crisis -. will respond relatively left

Draghi had declared on Tuesday, according to diplomats at the EU summit in Brussels, might be because Britain’s role as a major trading partner lower growth there also hit the euro-zone economy. Rating agencies have already withdrawn from the country, the top grade.