Golden 10 Data, May 27, a monthly survey on Tuesday showed that despite the uncertainty caused by Trump's tariff policy, consumer confidence in Germany improved slightly as wage expectations rose and views on the economic outlook calmed down. Data from German market research firm GfK showed that the consumer confidence index forecast for June rose for the third consecutive month to -19.9, 0.9 points higher than in May. According to the survey, consumers' income expectations have risen significantly, and economic expectations for the next 12 months continue to rise to more than two-year highs. But a slight decline in consumers' willingness to buy, and their preference to save rather than spend, is dampening the rise in confidence. Rolf Buerkl, consumer expert at IUM, said: "Consumer confidence levels remain extremely low and consumer uncertainty remains high. The U.S. government's unpredictable tariff and trade policies, stock market turmoil, and fears of a third straight year of economic stagnation are all reasons why the consumer environment remains weak. ”
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Despite the uncertainty of tariffs, German consumer confidence is rising.
Golden 10 Data, May 27, a monthly survey on Tuesday showed that despite the uncertainty caused by Trump's tariff policy, consumer confidence in Germany improved slightly as wage expectations rose and views on the economic outlook calmed down. Data from German market research firm GfK showed that the consumer confidence index forecast for June rose for the third consecutive month to -19.9, 0.9 points higher than in May. According to the survey, consumers' income expectations have risen significantly, and economic expectations for the next 12 months continue to rise to more than two-year highs. But a slight decline in consumers' willingness to buy, and their preference to save rather than spend, is dampening the rise in confidence. Rolf Buerkl, consumer expert at IUM, said: "Consumer confidence levels remain extremely low and consumer uncertainty remains high. The U.S. government's unpredictable tariff and trade policies, stock market turmoil, and fears of a third straight year of economic stagnation are all reasons why the consumer environment remains weak. ”