German Gfk Consumer Climate Remains Unchanged Unexpectedly

The German GfK consumer sentiment has not changed unexpectedly last month, data showed on Tuesday.

The report, research group GfK consumer climate index for Germany, according to the previous month, 5.2, 5.2, said.

5.1 The decline analysts expected last month, the GfK consumer climate.

Real              5.2

Prognosis     5.1 Greater than 5.2

The German GfK consumer sentiment in economic activity measures the level of consumer confidence.

Read with consumers in 2000, the investigation concluded.

This is an important part of total economic activity, consumer spending, estimated, because it is a leading indicator. Higher readings point to higher consumer optimism.

Less than expected decline in reading / should be considered negative for the euro is higher than expected reading, bull positive / dollar should be.