FXstreet.com (Barcelona) - Consumer sentiment among German citizens remained unchanged in February, while the income expectations edged up on the back of wage rises, their propensity to buy has declined somewhat, according to the GfK consumer sentiment survey.
The overall consumer sentiment posted a 4.5 level in March, unchanged from February and January, and above the 4.4 points advanced by market analysts.
Germans do feel the consequences of the US mortgage crisis, as well as the high inflation and volatility in the stock markets, as they receive positive signals from the strength of the German labour market, with the German economy showing signs of growth.
The economic expectations index has dropped 14.1 points to stand at 14.6 in February, while the income expectations increased 4.2 points to -0.5. The consumerÃ‚Â´s propensity to buy fell to -15 points in February from -8.8 in January.