Release Explanation: A survey of the sentiment of the public regarding current and future economic conditions. Builds an economic picture of the mood of the economy’s consumer and therefore how well the Service based economies may fair over the coming months.
Trade Desk Thoughts: The consumer climate in Germany for the month of January 2009 came in at 2.1, in-line with analysts expectations. The previous read, 2.2, for the month of December was left unrevised. German consumers face difficult times ahead, as uncertainty regarding the economic future mounts. However, respondents are starting to see smaller worries from the inflationary pressures that until recently, threatened to cut consumption
Forex Technical Reaction: The euro had a weak reaction to the news release. The pair is now trading just under the neutral pivot point (1.4015), after it gained 90 pips in the overnight session.
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GfK German Consumer Climate Remains Steady For The Month Of January
Published 12/31/2000, 07:00 PM
Updated 12/22/2008, 02:25 AM
GfK German Consumer Climate Remains Steady For The Month Of January
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