Thursday, a survey from the GfK market research group showed that German consumer confidence for April stood at 2.4 points, down from a revised value of 2.5 points in March. Economists were expecting a reading of 2.5 for April.
The GfK consumer climate MAXX survey is conducted by GfK group on behalf of the EU Commission. The survey is based on around 2,000 consumer interviews.
Economic expectations in March dropped 4.9 points to minus 32.8, while income expectations remained virtually stable. The index measuring propensity to buy stood at 13.9 points in March, which was 24 points above the level recorded at the same time in the previous year.
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