German consumer confidence is set to improve in October, survey results from GfK showed on Tuesday. The market research group said the consumer climate has reached its highest level in almost a year and a half.
GfK said the consumer climate has reached its highest level in almost a year and a half. But "even if the consumer climate has almost reached its pre-crisis level, it remains to be seen whether we can speak of a fundamental trend reversal," Rolf Buerkl, GfK consumer expert, said.
"What matters here is how the infection process will develop in the winter months and whether new restrictions will be necessary."
After a plus of 3.1 points, the propensity-to-buy indicator currently showed a value of 13.4 points.