Germany: Economic optimism

German consumer sentiment was rather bright than muted during the month of May. Economic and income expectations are on the rise. By contrast, the propensity to buy suffered moderate losses after three consecutive increases. As a result, GfK is forecasting a value of -7.0 points in consumer confidence for June 2021, up 1.6 points from May this year (revised from -8.6 points). These are the findings of the GfK Consumer Climate Study Germany for May 2021. The good news is that German consumer confidence about the economy appears to be returning. The economic expectations indicator rises significantly in May. After … (full story)

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