Despite terror and Proposed referendum on United Kingdom membership of the European Union: Consumer sentiment has improved – THE WORLD

Nuremberg – Despite the fear of terrorism and Proposed referendum on United Kingdom membership of the European Union-caring consumer sentiment has slightly improved again in Germany. The planned withdrawal from the EU Britain have German consumers unsettled briefly, informed the Nuremberg market research company GfK.

And also led the attacks in Wurzburg and Ansbach not a reluctance in buying behavior. “This has shown no lasting effect,” said consumer researcher Rolf Bürkl. Therefore, the GfK consumer confidence index for September rises to 10.2 points – after 10.0 points in August

The pace assess consumers although further more. restrained; the economic indicator correspondingly declined slightly. “Nevertheless, citizens continue to expect on the assumption that the German economy will continue to grow moderately in the coming months,” it said by GfK.

the income consumers hand again expect rather more in the purse. This indicator put accordingly significantly by 8.6 points to 58.3 meters to and made the losses in the previous month so that almost made up for it. Income expectations lie therefore remains at a very high level. Also in relation to their own financial situation, consumers were “euphoric”

And this is fully justified. “A very good and stable employment situation, clearly rising incomes for workers and pensioners and a virtually non-existent inflation will make in the coming months for a strong earnings optimism. “This is the” secret “behind the very stable and even improved consumption sentiment, Bürkl said. The desire to buy remains as strong as ever: The propensity is gaining slightly to

“This supports my thesis that the decisive factor for the consumer sentiment of the labor market”. , Bürkl said. “In particular, the question of whether the employees actually fear for their own jobs have.” This fear is very low or virtually non-existent in Germany and has been for a prolonged period. This gives consumers planning certainty with regard to major purchases. At the moment also see it from so that interest rates remain so in the coming months in the cellar. “This is likely to use additional support,” the researchers said.

The large number of refugees have the German way, not insecure sustainable Bürkl said. “In the economic expectations and the expectations of unemployment in general, the issue has been felt in the past late summer and autumn and also provided, for example, the exhaust gas scandal at VW clearly in the shadows.” Meanwhile, here but no effect was seen. On the consumer sentiment the topic had far less influence a year ago. “People know that there may be overall economy a burden. But they had no fear that the refugees take them to work off, “Bürkl said.

GfK

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