Market Updates: German GfK Consumer Climate, Slight Setback
GfK is forecasting a consumer climate value of 10.4 points, following a revised figure of 10.7 points in March.
Arslan Butt•Tuesday, March 26, 2019•1 min read
Overall, consumer climate in March 2019 seems moderately more stable than in the previous month. Economic expectations are growing again. However, both income expectations and propensity to buy have reduced somewhat.
For April, GfK is forecasting a consumer climate value of 10.4 points, following a revised figure of 10.7 points in March. With the prevailing inflation, the breakdown in economic expectations has been reduced – for the time being at least. EUR/USD is steady, showing no reaction to this news.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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