Germany March GfK consumer confidence -8.1 vs -6.3 expected

• Prior -6.7

A miss on estimates as German consumer morale dips on worries surrounding inflation. A sharp increase in COVID-19 infection rates also didn't help in early February so there is that to consider. GfK notes that:

"Above all, the hopes for an improvement in price trends at the beginning of the year have been dashed for the time being as the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term rate is still at a high level. This gives reason to hope that consumers' willingness to spend will return as a result. If this were supported by a moderate increase in prices, the consumer climate could finally recover again in the long-term."