Consumer confidence has stagnated in Germany

Germany’s consumer confidence is stagnating. Experts expected decline – according to a survey published by GfK on Thursday.

The consumer sentiment mood of the Nuremberg-based Market Research Institute in May was 10.9 points, the same as in April, after the 10.8 points of March. One year ago, the index stood at 10.2 points.

Experts expected a slight weakening of the index: 10.8 points.

The earnings expectations sub-index weakened to 53.5 points from the previous month’s 54.9 points, but the subscriber’s willingness to purchase strengthened from 59.1 to 60 points. (MTI)