Source Title: German consumer confidence leading index fell significantly in February
Xinhua news agency, Berlin, January, 27 (reporter Zhu Sheng Zhang Yuhua) a report released by the German Market Research Institute, JFK, 27, showed that COVID-19 was further tightened up by its control measures. In February, the German consumer confidence index was negative at 15.6 points, down 8.1 points.
The German consumer confidence leading index in January was adjusted to negative 7.5 from negative 7.3 in the report.
According to the report, all three indicators reflecting German consumer confidence fell month on month. Among them, the index of propensity to buy dropped by 36.6 points, the index of income expectation dropped by 6.5 points, and the index of economic prospects dropped by 3.1 points.
Rolf & middot; bilkler, an expert at Geoffrey, said that the consumption environment in Germany will face a difficult period in the first quarter of this year. Only when the number of new cases of the epidemic drops significantly and the prevention and control measures are relaxed can consumer confidence recover. &”This means that the expected recovery will take some time. &”He said.
On the 19th of this month, the German federal government and state governments reached an agreement to extend the main epidemic prevention measures to February 14.
Since 1980, GfK has conducted a monthly survey on the confidence index of about 2000 German consumers. The index is the leading indicator to predict the trend of German economy and consumption.