Consumers are still of the opinion that the German economy is clearly continuing to grow. Economic expectations have been confirmed at a very good level and have even improved slightly. Income expectations and propensity to buy can also hold their own in November, even if they have fallen slightly. These indicators are also at an extremely high level. The failed exploratory talks about forming a so-called Jamaica coalition have not been taken into consideration in this data, because the survey had already been completed at that time.
German Consumer Climate unchanged at 10.7
Consumer mood is at a very good level with no indication of any significant changes. Economic expectations are rising slightly, whereas income expectations and propensity to buy have fallen slightly. GfK forecasts that the consumer climate in December will remain unchanged in comparison to the previous month at 10.7 points.
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