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Economic Buzz: Germany's Consumer Climate Hits Two-Year High
(25-Apr-2024, 13:11 Hours IST)  
Germany's GfK Consumer Climate indicator rose to -24.2 in May 2024, the highest reading in two years, up from a revised -27.3 previously. Income expectations surged to their highest level since January 2022, with a reading of 10.7 compared to -1.5 in April. Economic prospects also improved to 0.7 from -3.1, while the propensity to buy increased to -12.6 from -15.3. However, the tendency to save reached an extreme high of 14.9, up from 12.4, as uncertainty about the country's economic development persisted, with no strong stimulus for domestic demand.

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