GfK’s German consumer sentiment index has improved

Instead of the expected decline, the consumer sentiment index of GfK’s Nürnberg Institute for Economic Research improved in February in Germany, while consumer expectations and willingness to buy increased again, while their economic expectations are worsening for the fourth consecutive month.

According to the results of the Gfk survey published on Wednesday, the Institute’s consumer confidence index increased by 0.3 points to 10.8 points, the highest since May last year. Analysts expected a slight drop of 10.4 points. (MTI)