Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion. The report also breaks down results into parts of the economy, giving a detailed picture of the consumer climate in German. GfK Consumer Confidence is one of the most closely watched surveys.
The survey results are quantified into index where 0 represents long term Consumer Confidence averages. The headline figure is expressed in percentage change.
Relevance: Rarely affects markets
Release schedule: 6.10 (GMT); monthly, during the last week of every month
Source of report: GfK Group
Web Address: http://www.gfk.com
Address of release: http://www.gfk.com/group/press_information/press_releases/current_press_releases/index.en.html
AKA: Consumer climate, Consumer mood
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