Stable consumer climate in Germany says GFK

Overall, consumer mood appears to be stable in November. Economic expectations and propensity to buy have increased slightly, while income expectations have experienced a minimal decline. The overall consumer climate indicator forecasts 9.8 points for the last month of this year, after a figure of 9.7 points in November.

Overall, consumers’ assessments appear to be extremely stable this month. For the second time in succession, consumers have become more optimistic about overall economic prospects. Income expectations have stabilized, falling only very marginally after two more significant declines in a row. Moreover, propensity to buy has risen back above the 50-point mark. Consequently, the consumer climate has enjoyed marginal growth.

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