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25th Mar 2024 18:24Eurozone, Daily Monitor

  • German consumer confidence remains depressed, but the headlines are poor indicators of spending. 
  •  Rising real income growth and a stabilisation in the labour market are tailwinds for German consumers… 
  •  ...But early-Q1 data on retail and car sales point to near-term downside risks for consumption growth.

 

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Keywords for: 27 March 2024 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence