German Consumer Climate Index up in January 2012

At the beginning of 2012 optimisme has returned to the German Consumer. Both the outlook on economic development and the wish to spend have increased significantly while income expectancy remains stable on a high level.

These are the main results of the lates monthly GfK (Gesellschaft für Konsumforschung) study for January 2012. While the January index value is at 5.7 it is expected to go up to 5.9 for February 2012.

This develoment supports the recent development in the rental market for Residential Property where rents have gone up significantly in 2011, especially in Berlin.

German Consumer Climate Index up in January 2012