Germany’s consumer climate indicator for November fell 0.2 points to minus 30.8, according to the Nuremberg Institute for Market Decisions. Economic expectations improved for a sixth month, but households’ income expectations and willingness to make major purchases weakened. The survey, published on 28 October, points to persistent concern about household finances despite improving views of the national economy.
Germany’s consumer climate indicator for November fell 0.2 points to minus 30.8, the Nuremberg Institute for Market Decisions said on 28 October. The previous reading was minus 30.6, compared with minus 22.5 a year earlier. The indicator remained well below its year-earlier level as income expectations and willingness to make major purchases both weakened.[1], [2]
The income expectations indicator lost 0.7 points to minus 15.7. Willingness to buy fell by slightly more than one point to minus 11.9. Willingness to save declined 4.3 points to 17.2, a movement the institute described as supportive of consumer climate. Economic expectations improved for a sixth consecutive month, reaching 2.1 points and moving above zero.[1]
The analysis uses around 2,000 consumer interviews conducted from 1 to 12 October on behalf of the European Commission. Income expectations, willingness to buy and willingness to save feed into the consumer climate calculation for the following month. The institute describes these as subjective sentiment measures. Actual purchases also depend on liquidity, needs, prices and individual circumstances.[1]
