There's this index, the GfK Consumer Climate Index, which looks at Germans and their 'gut' feeling over the future and the economic turns.
This week, the index came out and suggested that German consumers aren't that happy over the future expectations.
The likelihood of Germans buying significant items in their life? It went down a notch.
Chief reasons? It goes beyond BREXIT, and includes global trading, tariff conflicts with the US, and just general shifts.
Long-term or short-term? Nope, you can't get that type of information out of the index. It would be safe to say a recession is underway, but you can't say that it'll resolve itself in 2020.
The German unemployment rate? As of August, it was 3.1-percent. Back in mid-2015, it was around 5-percent. It wouldn't be a big deal if it rose 1-percent....if you go and look at overall numbers right now. Going up to the 6 or 7 percent level? It would have a harsh affect on politics.
Just something to think about.
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