GfK: consumer sentiment in Germany deteriorated slightly

The GfK Nuremberg Economics Research Institute’s consumer sentiment index for Germany declined slightly in March, while consumers’ economic expectations improved slightly, but their willingness to buy and income expectations declined moderately.

GfK forecasts for Thursday that the consumer sentiment index will drop to 9.8 points in March from 9.9 in February. Analysts also predicted a decline of 9.8 points by March.

One year ago, in February last year, the mood index was at 10.6 points.
The mood of German consumers decreased. The spread of the new coronavirus epidemic has certainly contributed to increased uncertainty among consumers, said GfK researcher Rolf Bürkl. (MTI)