Willingness to buy cannot escape the less favorable economic outlook. The indicator lost 1.6 points in September, falling to 50.4. The decline is very moderate but the level remains very high.
A GfK Consumer Climate study for Germany for September 2015 has found that consumer optimism has fallen in September, much in line with a recent#
In addition to declining economic and income expectations, the increase in willingness to save in this month is likely to be responsible for the moderate decline in the propensity to consume. Nevertheless, a level of more than 50 points shows that propensity to consume is still very pronounced.
For October 2015, the overall indicator is forecasting 9.6 points, after 9.9 points in September. This is the second consecutive decline. Nevertheless, the indicator is at a very good level. In consideration of the extremely positive development of the retail sector, it can be assumed that the consumption will continue to be an important pillar of the economy this year overall, the study said. (SH)
ALCHEMPro News Desk – India
marketing@alchempro.com
