Accordingly, the index stagnates and has a similar value as in the previous month. According to the HDE, the persistent political and economic uncertainties ensure that consumers are currently not looking at the next few months more pessimistic or much more optimistic than before.
Consumer consumption feedback is slightly decreasing compared to the previous month. They show people a little more open to purchases. At the same time, the tendency to save at the level of the previous month remains. With regard to private consumption, consumers continue to behave and reserved. Therefore, a noticeable growth in the coming months is not to be expected from the HDE perspective. The economic expectations mulled minimally. Consumers look a little more pessimistic about the upcoming weeks than in the previous month.
They are more optimistic when it comes to further developing your own income. Compared to the previous month, their income expectations increase and are therefore at the level of the previous year. However, this also means that consumers do not count on large jumps in their available income and, accordingly, are not in sight a strong recovery of private consumption.
Overall, the mood of consumers remains unchanged. The result of the Bundestag election has been determined, but the new federal government will only have formed in some time and will start work. Until then, it is unclear what political measures the government program provides and what it means in everyday life for consumers, according to the HDE. Due to this persistent uncertainty, consumer retention predominates. A noticeable brightening of the mood should not arise in the near future. Against this background, a recovery of private consumption with significant overall economic growth impulses is expected to be absent in the first quarter.
The HDE consumption barometer, which will be released on the first Monday of a month, is based on a monthly survey of below 1,600 people to acquire tendency, tendency to save, financial situation and other consumer-relevant factors. The consumer barometer created by the Handelsblatt Research Institute (HRI) on behalf of the HDE has an indicator function for private consumption. It is not the current consumer behavior, but the expected mood in the coming
Three months.