German consumer morale brightens heading into October - GfK

Record ID: 1638997

  • Title: German consumer morale brightens heading into October - GfK
  • Date: 28th September 2021
  • Summary: NUREMBERG, GERMANY (FILE) (REUTERS) MAN CARRYING SHOPPING BAGS
  • Embargoed: 12th October 2021 09:03
  • Keywords: COVID-19 Gfk German consumer sentiment consumer coronavirus economy income expectations increase inflation prices stability
  • Location: NUREMBERG & MUNICH, GERMANY
  • City: NUREMBERG & MUNICH, GERMANY
  • Country: Germany
  • Topics: Europe,Economic Events
  • Reuters ID: LVA005EWMUD8T
  • Aspect Ratio: 16:9
  • Story Text: The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday (September 28), in a sign that households continue to support the recovery in Europe's largest economy.
    The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, rose to 0.3 points for October, from a revised -1.1 points a month earlier.
    The reading compared with a Reuters forecast for -1.6.
    Both economic and income expectations improved significantly while the propensity to buy rose slightly, GfK said.
    Consumers became more optimistic in light of falling coronavirus infections that the fourth wave in the pandemic could be less pronounced than many feared, the survey showed.
    (Production: Ayhan Uyanik, Michele Sani)
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