Key facts
- German consumer sentiment index fell to -30.8 for November.
- Economic expectations rose to 2.1 points.
- Income expectations fell to -15.7.
- Willingness to buy fell to -11.9.
- Price expectations indicator rose to 1.0 points.
- Willingness to save fell to 17.2.
German consumer sentiment is expected to decline slightly in November, according to a survey by the Nuremberg Institute for Market Decisions (NIM) and GfK. The consumer sentiment index fell to -30.8 for November from -30.6 in October, narrowly beating analyst expectations of -30.9. Consumers are increasingly optimistic about economic developments but remain skeptical about their personal finances due to inflation worries and subdued income prospects, dampening their willingness to make larger purchases. Economic expectations improved for the sixth consecutive month, moving above zero for the first time since the outbreak of the Iran war, while income expectations and willingness to buy saw modest declines. The price expectations indicator rose into positive territory, suggesting consumers anticipate higher inflation.