Germany Gfk client confidence for February dropped to -15.6, down from -7.5, nicely under expectation of -7.8. In January, financial expectations dropped from 4.4 to 1.3. Revenue expectations dropped from 3.6 to -2.9. Propensity to purchase dropped sharply from 36.6 to 0.0.
Rolf Bürkl, client skilled at GfK: “Client sentiment is dealing with troublesome challenges within the first quarter of this 12 months. Whether it is to get well sustainably, an infection charges might want to lower greater than they should date in order that the measures may be relaxed considerably. Which means that we might want to wait some time earlier than we see the restoration that many had been hoping for this 12 months.”
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