German consumer sentiment stabilises heading into July, survey finds
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People walk next to a Doner kebab and Currywurst booth at Kurfuerstendamm shopping street, in Berlin, Germany, December 18, 2023. REUTERS/Lisi Niesner
BERLIN, June 25 (Reuters) - German consumer sentiment stabilised heading into July, as households' income expectations improved, a survey found on Thursday.
The consumer sentiment index, published by the Nuremberg Institute for Market Decisions and the GfK market research institute, showed sentiment rising to -29.2 points for July from a revised -29.7 points in June.
"Consumer Climate is currently stabilizing at a low level," said Rolf Buerkl, head of consumer climate at NIM.
Income expectations are recovering only slightly, willingness to buy remains in the pessimistic range, and the willingness to save is not decreasing either.
"There are therefore no signs yet of a return toward pre-war levels," Buerkl said.
JUL 2026 JUN 2026 JUL 2025
Consumer climate -29.2 -29.7 -20.0
Consumer climate components JUN 2026 MAY 2026 JUN 2025
- economic expectations -8.7 -11.2 20.1
- income expectations -12.2 -13.0 12.8
- willingness to buy -13.4 -13.2 -6.2
- willingness to save 13.9 13.9 13.9
• The survey period was June 4 to June 15, 2026.
• An indicator reading above zero signals year-on-year growth in private consumption. A value below zero indicates a drop compared with the same period a year earlier.
• According to GfK, a one-point change in the indicator corresponds to a year-on-year change of 0.1% in private consumption.
• The "willingness to buy" indicator represents the balance between positive and negative responses to the question: "Do you think now is a good time to buy major items?"
• The income expectations sub-index reflects expectations about the development of household finances in the coming 12 months.
• The economic expectations index reflects respondents' assessment of the general economic situation over the next 12 months.
(Reporting by Maria Martinez, editing by Thomas Seythal)
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