Off the wire
• AU lauds soldiers for foiling terror attacks on base in Somalia  • Latvia receives 1.39 bln euros in foreign investment in exchange for residence permits since 2010  • Iraqi forces advance closer to new positions outside IS-held Mosul  • Kenya to attract foreign investors to hit 10 pct annual growth  • Myanmar to consider becoming full member of Mekong River Commission: president  • Roundup: Africa needs concrete measures to address illicit financial outflows: experts  • Zambia to start transacting in U.S. dollar at border entry  • Former NBA player Turkoglu elected new leader of Turkish Basketball Federation  • 36 injured in cooking gas cylinder explosion in central Nepal  • Kenya's green bond policy to be in place in early 2017  
You are here: 　 Home

German consumer climate predicted to fall in Nov.

Xinhua, October 26, 2016 Adjust font size:

The German consumer climate is to fall below the 10-point mark for the first time since June 2016, with the predicted overall indicator at 9.7 points for November, down from 10 points in October, market research group GfK reported on Wednesday.

According to GfK, consumer sentiment in October is currently mixed. Both income expectations and propensity to buy have suffered losses, while economic expectations have improved in October after three successive falls.

"It is more a consequence of an external trade environment that has become increasingly difficult. According to the forecast, global economic growth will remain weak," commented Rolf Buerkl, an analyst for GfK.

The report also noted that the numerous international trouble spots, like increased risk of terrorism for Germany, have probably had a somewhat negative impact on consumer sentiment.

The GfK consumer climate survey has been conducted since 1980. Its findings are based on around 2,000 consumer interviews conducted each month on behalf of the European Commission, the executive body of the European Union. Endit