“GERMANS TIGTEN THEIR WALLETS AS INCOME Expectations Slide, Dampening HOPES FOR A SPEENDING REBOUND AND FUELING ECB RATE-CUTS BETS.”, – WRITE: www.fxempire.com
- German Consumer Confidentnce Drops to -24.7, Signaling Weak Private Spending and Raising Expectations for Ecb Rate Cuts.
- Income Expectations Fall 4.3 Points to -5.4, The Lowest Since January 2024, Driven by Inflation, Economic Uncertain, and Politics.
- Willingness to Buy Declines 2.7 Points to -11.1, Reflection Weaker Income Expectations and Conceerns Over the Economic Outlook.
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While Consumers May View the Outcome of Germany’s Weekend Elections Positively, The True Impact Will Hinge on Policy Details. Fiscal Stimulus Measures and Efforts to Curb Rising Unemployment Will Be Crucial for Improving Economic Conditions in 2025.
NIM Consumer Expert Rolf Burkl Commented On the February Survey:
“The Current Figures Show No Signs of A Recovery in Consumer Sentiment in Germany. The Consumer Climate Has Been Stagnating at A Low Level Since the Middle of Last Year. There is Still A Great Deal of Uncertainty Among Consumers and A Lack of Planning Security. ”
“A FAST FORMATION OF A NEW FEDERAL GOVERNMENT AFTER AFTERY ELECTIONS AND THE RAPID APPROVAL OF THIS YEAR’S BUDGET Wuld Give Both Companies and Priest House Holds More Certain Certain Certain Certain. This would Create Important Conditions for Consumers to Be More Willing To Spend Money and To Revive ConSumption. ”
EUR/USD Reaction to German GFK Consumer Confidentnce Survey Ahead of Today’s Stats, The Eur Climbed to A Pre-Stat High of $ 1.05246 Before Falling to A Low of $ 1.04902.
In Respons to the Consumer Confidentnce Data, The Eur/USD Pair Briefly Fel to a Low of $ 1.04933 Before Rising to A High of $ 1.05005. The EUR/USD Likely Advanced on Expectations of Germany’s Election Could Boost Confidentnce Heading Into Q2 2025.
At the time of writing, the EUR/USD WAS Down 0.13% to $ 1.04986.