Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

German Consumer Uncertainty Returns
Sep 28, 2005
 Printable format
 Email this Article
 Search

The findings of the GfK Consumer Climate Survey for September 2005 shows that the election battle and the clashes in the run-up to the German elections, combined with the hike in oil prices, have had a further negative impact on the consumer mood in Germany.

After an increase in August, the income expectations indicator recorded was down in September 1.1 points to -11.7. While the losses are modest, the fluctuation of the indicator recorded over the last year and a half is persisting and the consumer mood regarding income remains subject to considerable uncertainty, according to GfK.

The increase in the propensity to buy, evident in the previous 2 months was halted in September, with the indicator losing 8.9 points and the sharp rise of the previous month outstripped. The indicator stands at -13.4 points.

Following a rise in August, the consumer climate has shown slight downward movement again. The indicator forecast for October stands at 3.1 points, following a revised figure of 3.3 for September, according to the results of the survey. All indicators point to domestic German demand remaining very weak in 2005, providing virtually no tangible impetus for macroeconomic growth.

The outcome of the German elections is expected to give rise to complicated and possibly lengthy negotiations on creating a stable government. The population, GfK says, is waiting for clear signs from companies and the government, delaying a long-awaited turnaround in the labor market and employment situation.

The consumer expectation concerning the general economic trend is the only good news in the report. After an increase of a good 4 points in August this year, the indicator has now risen by more than 7 points to stand at -4.5.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows