German Gfk Consumer Confidence indicator edge down to 9.8 heading into March 2020 from an eight month high of 9.9 in last month and corresponding market hopes. Both tendency and income expectations to buy fell due to the impact of corona virus to German industry, whereas economic expectations rose somewhat following the primary trade deal between China and United State of America.
The gauges measuring income expectations dropped to 3.4 points to 41.2 while readiness to buy dropped 1.9 points to 53.6. Meanwhile the indicators measuring economic expectations rose slightly 4.9 points to 1.2 due to China US trade deal.
German Gfk Consumer Confidence is released during the last week of each month at 06:10 GMT by Gfk Group.