Gavekal Capital: France v. Germany: Consumer Confidence

Wednesday, November 27, 2013

France v. Germany: Consumer Confidence

Consumers in France see a diminished capacity to save, a deteriorating general economic situation, and rising unemployment over the next year-- all of which adds up to a decline in confidence:

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Germans, on the other hand, were surprisingly more confident about the consumer climate in November, as evidenced by the unexpected increase in the Gfk survey:

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